In reconciling the Cash in Bank of Inner Company with the bank statement balance for the month of November 2018, thefollowing data were summarized: Book debits for November, including October CM for note collected, P60,000       P800,000 Book credits for November, including NSF of P20,000 and service charge of P800 for October    P620,000 Bank credits for November, including CM for November for bank loan of P100,000 andOctober deposit in transit for P80,000.    P700,000 Bank debits for November including October outstanding checks of P170,800 and Novemberservice charge of P200       P600,000 what is the amount for outstanding checks for november

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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.