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The Hope Foundation, an NGO, is reconciling its bank statement for the month of September. The organization's bank account in its records indicates a balance
The "Hope Foundation," an NGO, is reconciling its bank statement for the month of September.
The organization's bank account in its records indicates a balance of NOK
While the bank statement shows a balance of NOK
During the reconciliation process, they discover the following:
Outstanding cheques Chaeques not processed by bank total NOK
A donation from donor of NOK was received but has not yet been recorded in the organization's books.
Bank service charges of NOK
An interest income of NOK was earned on the account.
A grant payment of NOK was deposited by the bank, but the organization has not recorded it
What will be the adjusted balance of bank account according to the bank reconciliation for the "Hope Foundation"?
a NOK
b NOK
c NOK
d NOK
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