If the bank statement at the end of the month shows a balance of IDR 360 million, checks are still in circulation IDR 120 million, deposits in transit worth IDR 40 million and checks worth IDR 5 million are charged by the bank to the company account, what is the correct balance of the bank account at the end of the month?

Answer rating: 100% (QA)

To find the correct balance of the bank account at the end of the month ... View the full answer