Question
ab ltd bank statement for july shows balance of$ 21850 at 31july oustanding cheques at july $ 3700.A deposit of $ 3025 made on july
ab ltd bank statement for july shows balance of$ 21850 at 31july oustanding cheques at july $ 3700.A deposit of $ 3025 made on july 30th is in transit and had not cleared the bank by 31july. An automatic payment for $ 3700 was erroneously charged by the bank against your account while it belongs to another bank customer { bank error} 1. after preparing the bank reconciliation what is the adjusted bank statement balance at month end to reflect this information? 2. after preparing the bank reconcilation what is the correct adjusted cash balance in ab books to reflect this information ?
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