Qualification > Commerce
Accounting help ???
~ Miss Relina ~:
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w06_qp_1.pdf
Q22 explain each choice plz Thanks in advace
Tohru Kyo Sohma:
--- Quote from: Relina on May 30, 2011, 09:28:42 pm ---http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w06_qp_1.pdf
Q22 explain each choice plz Thanks in advace
--- End quote ---
ok
Option A-no, because bank charges reduces bank balance.....thus bank balance will be lower than cash book balance.
Option B-yes, because when u deposit money in a bank u receive bank interest....therefore bank already credits it in ur bank balance, but the business wont know of this transaction until it receice the bank statement...therefore bank balance will be more than cash book balance.
Option C-no, because when u receive a cheque from a credit customer ur cash book balance will increase, if sufficient amount is not available in the customers bank balance then the cheque will be dishonoured..thus bank balance will be lower than cash book balance.
Option D-no, because when standing orders is paid ur bank balance reduces, cash book balance will be higher.
hope u understand
if not then u can ask me ;D
~ Miss Relina ~:
--- Quote from: mimiswift on May 30, 2011, 09:57:53 pm ---ok
Option A-no, because bank charges reduces bank balance.....thus bank balance will be lower than cash book balance.
Option B-yes, because when u deposit money in a bank u receive bank interest....therefore bank already credits it in ur bank balance, but the business wont know of this transaction until it receice the bank statement...therefore bank balance will be more than cash book balance.
Option C-no, because when u receive a cheque from a credit customer ur cash book balance will increase, if sufficient amount is not available in the customers bank balance then the cheque will be dishonoured..thus bank balance will be lower than cash book balance.
Option D-no, because when standing orders is paid ur bank balance reduces, cash book balance will be higher.
hope u understand
if not then u can ask me ;D
--- End quote ---
soory but i donot undersatnd option one :-[
~ Miss Relina ~:
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w05_qp_1.pdf
Q 40 also plz
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w06_qp_1.pdf
Q 30 and 33
Tohru Kyo Sohma:
--- Quote from: Relina on May 30, 2011, 10:38:55 pm --- soory but i donot undersatnd option one :-[
--- End quote ---
ok...so the qns asks in which situation will bank balance be more than cash book balance
option A say that there are bank charges.....here bank balance reduces..as the bank will charge it....but the cash book will be more as they will only know about this transaction after they receive the bank statement!
get it or do u need more explanation ;D
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