The bank account in the Cash Book reports an overdraft of 7,250 as at 19 July 2012,

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The bank account in the Cash Book reports an overdraft of £7,250 as at 19 July 2012, whereas the bank statement reports a favourable (credit) balance. The difference has arisen because of:

(i) Deposits awaiting clearance on that day £11,450;

(ii) Cheques yet to be presented for payment £30,340.

Required:

Prepare a bank reconciliation statement as at 19 July 2012.

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 29, 2023 10:23 AM

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The bank account in the Cash Book reports an overdraft of 7,250 as at 19 July 2012,

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Bank reconciliation statement as at 19 July 2...View the full answer

Financial Accounting An Introduction

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