IGCSE Accounting Paper-1: Specimen Questions with Answers 246 - 248 of 338

Question 246

Write in Brief

One Liner▾

Make the double entry to restore the petty cash imprest on 1st October 2019. (Marks-1)

Make the Double Entry to Restore the Petty Cash Imprest on October 2019
Debit$Credit$

Explanation

Make the Double Entry to Restore the Petty Cash Imprest on October 2019
Debit$Credit$
Petty Cash A/c8To Cash A/c8

Question 247

Write in Short

Short Answer▾

Prepare a bank reconciliation statement for Shri Ram at 31 October 2019 (Marks 4)

Shri Ram

Bank Reconciliation Statement at 31 October 2019

Bank Reconciliation Statement at 31 October 2019
$

Explanation

Shri Ram

Bank Reconciliation Statement at 31 October 2019

Bank Reconciliation Statement at 31 October 2019
$
Bank Balance as per Cash book6120
Add: Cheque paid to Shaurya not yet presented300
6420
Less: Cheque from Abhinandan not yet collected400
Bank Balance as per the Bank Statement6020

Question 248

Edit

Write in Brief

One Liner▾

At what figure the cash at bank would appear in the balance sheet of Shri Ram on 31 October 2019. Name the section in which it would appear. ________ (Marks 2)

Explanation

The Cash at bank would appear at the figure of balance C/D of the bank column of the cash book on 31 October 2019 i.e.. at 6120.

Further, the cash at bank is shown under ‘Current Assets’ on the Assets side of the balance sheet.

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