The following bank reconciliation has been prepared by a trainee accountant:     £ Overdraft per bank statement                         3,860              Less: Unpresented cheques 9,160   5,300 Add: Outstanding lodgements 16,690 Cash at bank 21,990   What should be the correct balance per the cashbook?   a. £12,990 bank balance        b. £3,670 bank balance            c. £11,390 bank balance                     d. £3,670 overdrawn

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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.