Hi Guys I wonder if you could help me with this question. An accounting technician made the following attempt at preparing a bank rec, statement
Overdraft per bank statement £25,600 Add deposits not credited £39,200 £64,800 Less unpresented cheques £5,300 Overdraft per cash book £59,500
Assuming that the bank statement balance of £25,600 overdrawn is correct what should the closing balance per the cash book be?
This is a multiple choice question the answers given £59,500 overdrawn as stated £8,300 cash at bank £18,900 overdrawn £59,500 cash at bank I would say it is £8,300 cash at bank am I on the right wavelength, would be glad if somebody could help please.Thanks
The views expressed in this post are my own personal (HRA protected) views, and are not representative of any organisation I have any involvement with.
Hi Kris Thanks for your reply I am going with that answer, onwards and upwards with the next assignment that question was in a mock assignment so fingers crossed it is right. Thanks once again a great forum to use and read up other peoples comments.
