Financial Accounting

1The bank statement shows an overdraft of GH¢1,200. Unpresented cheques are GH¢400 and uncredited deposits GH¢900. The cash book balance is

2Interest received credited by the bank should be

3A suspense account has a debit balance of GH¢90 caused by discount allowed of GH¢45 being credited instead of debited. The correction is

4A dishonoured cheque from a customer is recorded in the cash book on the

5A suspense account balance of GH¢200 debit means the trial balance

6A credit transfer received by the bank but not yet in the cash book is

7An error of commission occurs when an entry is

8A transaction left out of the books entirely is an error of

9A complete reversal of entries is when

10Bank charges shown on the bank statement but not yet in the cash book should be