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bank reconciliation

Forums › FIA Forums › FA2 Maintaining Financial Records Forums › bank reconciliation

  • This topic has 2 replies, 3 voices, and was last updated 10 years ago by fahim khan.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • September 5, 2014 at 2:39 am #193771
    osman
    Participant
    • Topics: 3
    • Replies: 0
    • ☆

    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

    September 8, 2014 at 7:44 am #194268
    mansoor
    Participant
    • Topics: 424
    • Replies: 542
    • ☆☆☆☆

    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

    January 14, 2015 at 6:39 am #222560
    fahim khan
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    @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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