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ABC Company Bank Reconciliation 30 November 2015 Cash balance according to bank statement RM5,620 Add: Bank error 150 5,770 Deduct: Insufficient fund check 860 Cash
ABC Company Bank Reconciliation 30 November 2015 | ||
Cash balance according to bank statement |
| RM5,620 |
Add: Bank error |
| 150 |
|
| 5,770 |
Deduct: |
|
|
Insufficient fund check | 860 |
|
Cash deposit not appear in bank statement | 1,280 | 2,140 |
Adjusted balance |
| 3,630 |
|
|
|
Cash balance according to companys records: |
| RM6,200 |
Deduct: |
|
|
Companys check not yet cleared | 1,430 |
|
Bank service charges | 20 | 1,450 |
Adjusted balance |
| 4,750 |
Question
1. Prepare a corrected bank reconciliation statement. (Note: Cash balance and book balance figures are correct).
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