bank reconciliation

This topic contains 2 replies, has 3 voices, and was last updated by avatar fahim khan 3 months, 3 weeks ago.

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    osman
    Participant

    pls help me with this prob. Q1 At the start of the month bal@bank $2500. Following month invoice paid at $1000 < 20% td and cd of 10%.
    Receive cheque $200 <5%cb
    What was the bal at de end of de month.
    pls explain, thanks


    Profile photo of mansoor
    mansoor
    Moderator

    1000 .. less 20% means 800
    800 less 10%=800-80=720

    200 less 5%=200-10=190

    cl bal: 2500-720+190 is the answer


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    fahim khan
    Participant

    @mansoor50 said:
    1000 .. less 20% means 800
    800 less 10%=800-80=720

    200 less 5%=200-10=190

    cl bal: 2500-720+190 is the answer

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