From the following data ascertain the balance as per bank statement of Rashid & Co on March 31, 20--Balance as per bank book Rs. 79,000Cheques issued but not presented for payment 24,000.Cheques deposited but not cleared Rs. 35,000Interest on deposit was credited by bank but not debited in bank book 1,000.A customer paid into bank directly 13,000 but the same was not recorded in bank book.Other receipts in bank that were not recorded in bank book 20,000.

Bank reconciliation: It is a statement which is prepared to reconcile the balance as per cash book…

Answered: From the following data ascertain the…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 5E

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From the following data ascertain the balance as per bank statement of Rashid & Co on March 31, 20--

Balance as per bank book Rs. 79,000
Cheques issued but not presented for payment 24,000.
Cheques deposited but not cleared Rs. 35,000
Interest on deposit was credited by bank but not debited in bank book 1,000.
A customer paid into bank directly 13,000 but the same was not recorded in bank book.
Other receipts in bank that were not recorded in bank book 20,000.

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