Your firm's cash book at 30 April 20X8 shows a balance at the bank of $2,490. Comparison with the bank statement at the same date reveals the following differences: $ 840 Unpresented cheques Bank charges not in cash book Receipts not yet credited by the bank Dishonoured cheque not in cash book 50 470 140 What is the adjusted bank balance per the cash book at 30 April 20X8?

Your firm's cash book at 30 April 20X8 shows a balance at the bank of $2,490. Comparison with the bank statement at the same date reveals the following differences: $ 840 Unpresented cheques Bank charges not in cash book Receipts not yet credited by the bank Dishonoured cheque not in cash book 50 470 140 What is the adjusted bank balance per the cash book at 30 April 20X8?

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.

Question

Your firm's cash book at 30 April 20X8 shows a balance at the bank of $2,490. Comparison with the
bank statement at the same date reveals the following differences:
$
840
Unpresented cheques
Bank charges not in cash book
Receipts not yet credited by the bank
Dishonoured cheque not in cash book
50
470
140
What is the adjusted bank balance per the cash book at 30 April 20X8?

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