overhauling. Depreciation is written off 10% p.a. on reducing balance
method. On 30th April 2007, the truck was sold for Rs. 30,000 being unsuitable. Prepare
the Truck Account from 2004 to 2007 assuming that Accounts are closed on 31st December every year.
Question 02:
Cash book of Mr. Ali shows an overdrawn balance of Rs. 1,800 but this balance does not
agree with the balance of bank statement. On checking following discrepancies were
ascertained
• Cheques amounting to Rs. 700 issued out of which only a cheque of Rs. 200
presented into bank
• Cheques deposited but not credited by the bank Rs. 400
• Interest on overdrawn Rs.100
• Interest on Government securities collected and credited by the bank Rs. 300
Required: Prepare a Bank Reconciliation Statement
2007-12-27
05:31:51
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1 answers
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asked by
sidra
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in
Business & Finance
➔ Other - Business & Finance