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Balance in cash book 25050 DR
Cheques not yet presented at bank 8612
Deposits not yet cleared at bank 11665
Cheques paid to supplier on 29 November not yet recorded in the cash book 2157
Cheque recieved on 27 November recorded twice in the cash book 620
Cheque recieved on 1 December 2007 1019What is the correct bank balance to be included in the financial statements at 30 November 2007.
please help me to get the correct answer.
What happened to the cheque received on 1 December 2007? That statement seems incomplete. Thus assuming that cheque wasnt recorded in the cash book by 30 November 2007 the correct bank balance to be included in the financial statements at 30 November 2007 will be calculated as follows:
Cash book balance 25050 Dr
Deduct un
presented cheques (8612)
Deduct deposits not
Yet cleared at bank (11665)
Deduct unrecorded
Payments. (2157)
Correct error. (620)Balance as per
Bank statement. 1996 CrI hope you found this to be helpful. Good Luck!!!!
the statement is not incomplete. That’s how the question appeared.
but thanks for the help
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