A company has prepared its bank reconciliation at 31 March 2014, taking the following information into account:
| Outstanding lodgements | 1,000 |
| Unpresented cheques | 500 |
| Bank charges shows in the bank statement but no recorded in the cash book | 80 |
The adjusted cash book per the bank reconciliation was a debit balance of $4,000.
What was the balance as shown on the bank statement at 31 March 2014?
| Bank statement | Debit | Credit |
| Bank Balance | ??? | |
| Add outstanding lodgements | 1,000 | |
| Minus Unpresented cheques | 500 | |
| Equals to Bank Balnce in Book | 4,000 | |
| Answer | 3,500 |
Working
??? + 1,000 - 500 =4,000
??? = 4,000 - 1,000 + 500
??? =3,500.
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2015 ACCA F3 Bank Reconciliation 3