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ACCT1501 Practice Exam Questions & Solutions
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QUESTION 1 (6 Marks)Bank Reconciliation The following information is given about Nadak Co.: 1. The August 31 balance shown on the bank statement is $9,810. 2. There is a deposit in transit of $1,260 at August 31. 3. Outstanding cheques at August 31 totalled $1,890. 4. A bank charge of $40 for che...
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