8. Mr. Rashid tried to reconcile his bank balance as on 31* May 2021 but could not reconcile. Mr. Rashid's Reconciliation is given below. Cash balance per bank OMR 17,801 Less: Bank service charge 125 Add: NSF check 3,450 Adjusted balance per bank OMR 21,126 Cash balance per books OMR 19,376 Add: Outstanding checks 4,650 Less: Deposits in transit 2,650 Adjusted balance per books OMR 21,375 Instructions Required: Prepare a correct bank reconciliation.
8. Mr. Rashid tried to reconcile his bank balance as on 31* May 2021 but could not reconcile. Mr. Rashid's Reconciliation is given below. Cash balance per bank OMR 17,801 Less: Bank service charge 125 Add: NSF check 3,450 Adjusted balance per bank OMR 21,126 Cash balance per books OMR 19,376 Add: Outstanding checks 4,650 Less: Deposits in transit 2,650 Adjusted balance per books OMR 21,375 Instructions Required: Prepare a correct bank reconciliation.
Chapter1: Financial Statements And Business Decisions
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