The cash book balance of company A is $360.00. The bank statement, issued on the same day, shows bank charges of $8.00. Outstanding checks amount to $175.00, and the last deposit of $50.00 entered in the cashbook has not been credited by the bank.

 Required

1. What is the balance on the bank statement?

2. What cash balance should be carried forward into the next period?

Answer rating: 100% (QA)

aTo find the balance on the bank statement Start with the cash boo... View the full answer