Question
In: Accounting
The Bank Statement Balance is $10,000. The Book Balance is $12,000. The is a Deposit in...
The Bank Statement Balance is $10,000. The Book Balance is $12,000. The is a Deposit in Transit of $2000. There is an Outstanding Check of $1000. There is an NSF Check from a customer of $1000. Based on this data, complete a bank reconciliation
Solutions
Expert Solution
| Particulars | Amount ($) |
| Balance per Bank | 10,000 |
| Add : Deposit in transit | 2,000 |
| Less : Outstanding check | 1,000 |
| Add : NSF Check from a customer | 1,000 |
| Balance per Books | 12,000 |
ekkarill92 answered 2 years agoRelated Solutions
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Multiple Choice
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