Bowen Ltd Received Its Monthly Bank Statement Showing a Balance

question 11

Multiple Choice

Bowen Ltd received its monthly bank statement showing a balance of $35 894 Cr at 31 March. On this date cash received from debtors and not yet deposited at the bank totalled $8971 and outstanding cheques were $3465. The amount to appear as cash at bank on the 31 March balance sheet is:

• A) $41 400
• B) $44 865
• C) $48 330
• D) $35 894

---

Definitions:

Idle Capacity

The portion of a company's resources, such as labor or machinery, that is not being used to its full potential during the production process.

Joint Processing Costs

The expenses incurred during the initial stages of processing where multiple products are produced simultaneously before they are split into separate components.

Split-off Point

The stage in a production process where multiple products are derived from a single input or process, each taking a different processing route afterward.

Sales Value

The total revenue generated from the sale of goods or services by a company during a particular period.