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On 28 February 2018, the bank totals in the cash receipts journal and cash payments journal were R285 000 and R90 000 respectively before the bank...
On 28 February 2018, the bank totals in the cash receipts journal and cash payments journal were R285 000 and R90 000 respectively before the bank reconciliation was done.
The bank account had a debit balance of R20 000 on 1 February 2018
The bank statement had a credit balance of R175 000 on 28 February 2018.
The following deposit did not appear on the bank statement: - Deposit for R29 000
Question:
On 1 March 2018, the balance brought down (b/d) in the bank account in the general ledger was ....
(1) R215 000 on the credit side of the bank account.
(2) R285 000 on the debit side of the bank account.
(3) R175 000 on the credit side of the bank account.
(4) R215 000 on the debit side of the bank account.
I just want to know if my calculation is correct. I chose option 4 (20 000 b/d + 285 000 crj - 90 000 cpj = 215 000 b/d). Any input will be very appreciated. Thank you.
