4. On September 30, the bank statement of Rozel showed a balance of ₱35,790.50. A deposit of ₱1,211.90 on September 30 was not included in the bank statement. Outstanding checks were #162, ₱1,800; #166, ₱2,211.40; #170, ₱1,131.72 and #178, ₱1,462.40. Find the available bank balance

4. On September 30, the bank statement of Rozel showed a balance of ₱35,790.50. A deposit of ₱1,211.90 on September 30 was not included in the bank statement. Outstanding checks were #162, ₱1,800; #166, ₱2,211.40; #170, ₱1,131.72 and #178, ₱1,462.40. Find the available bank balance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

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4. On September 30, the bank statement of Rozel showed a balance of

₱35,790.50. A deposit of ₱1,211.90 on September 30 was not included

in the bank statement. Outstanding checks were #162, ₱1,800; #166,

₱2,211.40; #170, ₱1,131.72 and #178, ₱1,462.40. Find the available bank balance.

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