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What is the total of deposits not yet credited?

Accounting

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Step-by-step solution

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Q4. How much deposit was not yet credited?

  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

  2. Sum the amounts of the deposits not yet credited.

    Total deposits not credited=K 100+K 100+K 200=K 400\text{Total deposits not credited} = \text{K } 100 + \text{K } 100 + \text{K } 200 = \text{K } 400

    The correct option is A.

    • A. K 400

    Q5. How much was Unpresented cheques?

  3. 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

  4. Sum the amounts of the unpresented cheques.

    Total unpresented cheques=K 100+K 100+K 100=K 300\text{Total unpresented cheques} = \text{K } 100 + \text{K } 100 + \text{K } 100 = \text{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?

  5. Determine the current adjusted balance as per the bank statement.

    From the statement, the "Balance as per the Bank Statement" (adjusted) is K 795.

  6. Account for the new unpresented cheque.

    Unpresented cheques are subtracted from the bank statement balance.

    New balance=Current adjusted balance−New unpresented cheque\text{New balance} = \text{Current adjusted balance} - \text{New unpresented cheque} New balance=K 795−K 250=K 545\text{New balance} = \text{K } 795 - \text{K } 250 = \text{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?

  7. Determine the current adjusted balance as per the bank statement.

    From the statement, the "Balance as per the Bank Statement" (adjusted) is K 795.

  8. Account for the new deposit.

    Deposits not credited are added to the bank statement balance.

    New balance=Current adjusted balance+New deposit\text{New balance} = \text{Current adjusted balance} + \text{New deposit} New balance=K 795+K 150=K 945\text{New balance} = \text{K } 795 + \text{K } 150 = \text{K } 945

    The correct option is A.

    • A. K 945
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