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John Moffat.
John Moffat.-
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jualkyn
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Z’s bank statement shows a balance of $825 overdrawn. The statement includes: bank charges $509 (not in cash book), unpresented cheques $475, deposits not yet credited of $600 and wrong debit payment of $160 not related. Which one is correct?
Answer
570Hello, I have been trying to figure out how that answer came about for awhile and I cannot figure it out. Can someone please help explain how this answer was achieved? What exactly is it asking when it asks for ‘what is correct?’ correct of what? I am not sure what it’s even asking me to calculate? So far what I know is that:
(825) overdrawn
please help, would be much appreciated?
John Moffat
- Topics: 57
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The question as you have typed it does not make sense (“which one is correct” does not mean anything, and unpresented cheques and deposits not yet credited will not appear in the bank statement!!)
Have you watched my free lectures on bank reconciliations?
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