1. The cash book of Aireville Limited was balanced on 31 December 2015 and showed an overdraft of S3420. On the same date, the bank statement showed an overdraft of $1800.
A comparison of the cash book and the bank statement revealed the following
s
1
Items appearing only on the bank statement
Bank charges
Dishonoured cheque, PB Limited
190
330
2
Items appearing only in the cash book
Cash sales paid into bank 28 December 2015
Cheque paid to M Raja, a credit supplier
1560
2700
3
Debit side of the cash book being undercast
1000
REQUIRED
(a) Update the cash book of Aireville Limited.
Bring down the updated bank balance on 1 January 2016.
Aireville Limited
Cash book (bank columns only)
Date
Details
S
Date
Details
S
2016
Jan 1
Balance b/d
3420
[4]

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against.infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.