Bank statement showed $9130.63 However my cash at bank is $8826.27 due to a BPAY phone bill
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Question:
Bank statement showed $9130.63
However my cash at bank is $8826.27 due to a BPAY phone bill $304.36 has not been deducted in Jan bank statement.
In Bank Reconciliation, should I put $304.36 in outstanding withdraws?
| Bank Reconciliation | ||
| Closing balance as per bank statement | $9,130.63 | |
| Plus outstanding deposits | $0.00 | |
| Minus outstanding withdrawals | $304.36 |
Expert Answer:
Answer Yes in the bank reconciliation you should include the 30436 BPAY phon... View the full answer
Related Book For 
Accounting Information Systems basic concepts and current issues
ISBN: 978-0078025334
3rd edition
Authors: Robert Hurt
Posted Date:
