On December 15, you recieved your bank statement showing a balance of $2270.32. Your checkbook shows a balance of $2433.33. Outstanding checks are $225.50 and $356.20. The account earned $77.52. Deposits in transit amount to $805.23, and there is a service charge of $17.00. Calculate the reconciled balance.  options are: a. 163.01 b. 2046.79 c. 2372.81 d. 2493.85

Q: The Cash account of Salety Security Systema reported a balanoe of $2410 at December 31, 2024. There…

A: Bank reconciliation statement is prepared to reconcile cash balance as per cash book and bank…

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A: Bank Reconcilation: It is the  method involved with matching the balance  in  bank balance as per…

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A: A bank statement is an official summary of financial transactions occurring within a given period…

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A: The adjusted bank balance refers to the factual  quantum of money available in a bank account after…

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A: Bank reconciliation is defined as the procedure conducted for comparing the bank account balance on…

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A: Given, Checkbook balance=$19,250.17. Total fees or charges deducted=$28.50. Interest credit=$50.19.

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A: Ideally cash balance as per cashbook and bank balance as per bank statement must reconcile with each…

Q: Reconcile the balances

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Q: cash balance shown in the check register.

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A: Formula: Book balance = Available balance + Present check deposited.

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A: Bank reconciliation is one of the reconciliation processes adopted by companies. This process helps…

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A: The cashbook is prepared to record the cash transactions of the business.

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.