Question
Bank statement showed $9130.63 However my cash at bank is $8826.27 due to a BPAY phone bill $304.36 has not been deducted in Jan bank
Bank statement showed $9130.63
However my cash at bank is $8826.27 due to a BPAY phone bill $304.36 has not been deducted in Jan bank statement.
In Bank Reconciliation, should I put $304.36 in outstanding withdraws?
| Bank Reconciliation | ||
| Closing balance as per bank statement | $9,130.63 | |
| Plus outstanding deposits | $0.00 | |
| Minus outstanding withdrawals | $304.36 |
Step by Step Solution
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Step: 1
Answer Yes in the bank reconciliation you should include the 30436 BPAY phon...
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Accounting Information Systems basic concepts and current issues
Authors: Robert Hurt
3rd edition
130855849X, 978-1308558493, 78025338, 978-0078025334
