The following bank reconciliation statement has been prepared by a trainee accountant:
BANK RECONCILIATION 30 SEPTEMBER 2014
| $ | |
| Balance per bank statement (overdrawn) | 10,048 |
| Add: lodgements credited after date | 448 |
| 10,496 | |
| Less: Outstanding cheques | 524 |
| Balance per cash book (credit) | 9,972 |
Assuming the amounts stated for items other than the cash book balance are correct, what should the cash book balance be?
SUGGESTED SOLUTIONS
| $ | |
| Balance per bank statement (overdrawn) | (10,048) |
| Add: lodgements credited after date | 448 |
| Less: Outstanding cheques | (524) |
| Balance per cash book (credit) | (10,124) |