a. On Chaitra 2080, Bank Statement disclosed a balance of Rs.11,400 and Cash Book showed the balance of Rs.11,000i) Deposit in transit Rs.2,000ii)…
BBS Financial Accounting and Analysis · 2081 · Solved Question with Answer
a. On Chaitra 2080, Bank Statement disclosed a balance of Rs.11,400 and Cash Book showed the balance of Rs.11,000i) Deposit in transit Rs.2,000ii) Cheque issued of Rs.6,000 but only Rs.2,000 presented for payment.iii) Notes receivable and interest collected by the bank Rs.2,500 and Rs.600 respectively.iv) Cheque of Rs.4,800 deposited by the company on Chaitra was recorded by the bank as Rs.4,200v) A customer's cheque for Rs.3,000 was returned by the bank due to insufficient fund.vi) EFT payment Rs.1,000.vii) Bank charge Rs.100 for the service provided by the bankRequired: Bank Reconciliation Statement [5]b. What is receivable? What are the different types of receivable? [2+3=5]