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For each of the statements below indicate whether it is true or false. For those statements indicated as False give a brief reason why it

For each of the statements below indicate whether it is true or false. For those statements indicated as False give a brief reason why it is False The bank account in the businesss general ledger has a debit balance of R26950 at 31 May 2024 while the May 2024 bank statement shows a closing credit balance of R22700. The bookkeeper identified two differences between the balances. These are an outstanding deposit made on 30 May 2024 for R2500 not yet recorded by the bank and stop orders totalling R1750 not yet recorded by the business. The bank balance in the final trial balance will be shown as R23450(debit).

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