This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
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Q4. How much deposit was not yet credited? Step 1: Identify the deposits not yet credited from the Bank Reconciliation Statement. The statement shows: ADD: Deposits not credited Ds 1: K 100 Ds 2: K 100 Ds 3: K 200 Step 2: Sum the amounts of the deposits not yet credited. Total deposits not credited = K 100 + K 100 + K 200 = K 400 The correct option is A. A. K 400 Q5. How much was Unpresented cheques? Step 1: Identify the unpresented cheques from the Bank Reconciliation Statement. The statement shows: LESS: Unpresented cheques Cheque No. 101: K 100 Cheque No. 102: K 100 Cheque No. 103: K 100 Step 2: Sum the amounts of the unpresented cheques. Total unpresented cheques = K 100 + K 100 + K 100 = K 300 The correct option is B. B. K 300 Q6. If there was an Unpresented Cheque No. 104 of K 250, what would be the new balance as per the bank statement? Step 1: Determine the current adjusted balance as per the bank statement. From the statement, the "Balance as per the Bank Statement" (adjusted) is K 795. Step 2: Account for the new unpresented cheque. Unpresented cheques are subtracted from the bank statement balance. New balance = Current adjusted balance - New unpresented cheque New balance = K 795 - K 250 = K 545 The correct option is D. D. K 545 Q7. If there was a deposit No.4 of K 150, what would be the new balance as per the bank statement? Step 1: Determine the current adjusted balance as per the bank statement. From the statement, the "Balance as per the Bank Statement" (adjusted) is K 795. Step 2: Account for the new deposit. Deposits not credited are added to the bank statement balance. New balance = Current adjusted balance + New deposit New balance = K 795 + K 150 = K 945 The correct option is A. A. K 945