Bank Balance – Knowsia

FA – May 2016 – L1 – SA – Q10 – Bank Reconciliation

A question on interpreting the meaning of a credit balance in the cash book.

Question

The bank column in the cash book shows a credit balance of N50,000. This means:
A. A total payment of N50,000
B. A gross receipt of N50,000
C. A balance of N50,000 in the bank
D. An overdraft of N50,000
E. A balance of N50,000 cash

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bank Balance, Cash Book, Overdraft
Level: Level 1

Topic: Bank reconciliations
Series: MAY 2016

Question Tag: Bank Balance

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – May 2016 – L1 – SA – Q10 – Bank Reconciliation

A question on interpreting the meaning of a credit balance in the cash book.

FA – May 2016 – L1 – SA – Q10 – Bank Reconciliation

A question on interpreting the meaning of a credit balance in the cash book.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Bank Balance

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – May 2016 – L1 – SA – Q10 – Bank Reconciliation

A question on interpreting the meaning of a credit balance in the cash book.

You're reporting an error for "FA – May 2016 – L1 – SA – Q10 – Bank Reconciliation"

FA – May 2016 – L1 – SA – Q10 – Bank Reconciliation

A question on interpreting the meaning of a credit balance in the cash book.

You're reporting an error for "FA – May 2016 – L1 – SA – Q10 – Bank Reconciliation"

Our offerings

Contact Info

Customer

Get In Touch

admin