O-LevelAccountingVerification of accounting recordsOct/Nov 2022Paper 2 Q320 Marks
MG has been in business for a number of years as a furniture manufacturer. On 31 August 2022 the bank column of his cash book showed the business had $25600 in the bank account. The bank statement on this date showed a credit balance of $24815. The following transactions were included only in the cash book. Cheque paid to JW $ Cheque received from TH 680 910 In addition, an error had been identified. A standing order for rates of $205 had incorrectly been recorded in the cash book as $255. The following transactions were included only on the bank statement. Dishonoured cheque received from RJ $ Insurance paid by direct debit 420 Bank charges 110 75
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