Overdraft per cash book (video below)
The following attempt at a bank reconciliation statement has been prepared by ABC Co:
| $ | |
| Overdraft per bank statement | 9,650 |
| Add: deposits not credited | 10,300 |
| 19,950 | |
| Less: unpresented cheques | 825 |
| Overdraft per cash book | 19,125 |
Assuming the bank statement balance of $9,650 to be correct, what should the cash book balance be?
Answer
| $ | |
| Overdraft | (9,650) |
| Outstanding lodgements | 10,300 |
| 650 | |
| Unpresented cheques | (825) |
| Overdraft per cash book | (175) |
Note: if you cannot see any videos above, please click this link @ https://youtu.be/PtBmJXwZtuc