The bank account in the Cash Book reports an overdraft of 7,250 as at 19 July 2012,
Question:
The bank account in the Cash Book reports an overdraft of £7,250 as at 19 July 2012, whereas the bank statement reports a favourable (credit) balance. The difference has arisen because of:
(i) Deposits awaiting clearance on that day £11,450;
(ii) Cheques yet to be presented for payment £30,340.
Required:
Prepare a bank reconciliation statement as at 19 July 2012.
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Bank reconciliation statement as at 19 July 2...View the full answer
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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