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Forums › FIA Forums › FA2 Maintaining Financial Records Forums › bank reconciliation
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
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
@mansoor50 said:
1000 .. less 20% means 800
800 less 10%=800-80=720200 less 5%=200-10=190
cl bal: 2500-720+190 is the answer