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FAFa1 Bank reconcialiation

Ssams17y ago
kindly help me solve this question with the appropriate logic to the correct answer. The following attempt at a bank reconciliation statement has been prepared by q limited: overdraft per bank statement $38600 add: deposits not credited 41200 = 79800 less: outstanding cheques 3300 overdraft per cash book = 76500 assuming the bank statement of $ 38600 (o/d) to be correct, what should the cash book balance be? a) $76600 overdrawn b) $ 5900 overdrawn c) $ 700 overdrawn d) $ 5900 cash at bank
FFiddah7y ago#1
The O/D as per bank statement should be in negative that is - $38,600 So that would mean: overdraft per bank statement -38600 add: deposits not credited 41200 = 2600 less: outstanding cheques - 3300 overdraft per cash book = 700 So (c) $700 overdrawn seems to be right answer Hope this clears it.
Ssams17y ago#2
yeah, now it's clear. Thankyou
FFiddah7y ago#3
You're welcome.
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