The following attempt at a bank reconciliation statement has been prepared by Q co.
BANK RECONCILIATION
| $ | |
| Overdraft per bank statement | 8,792 |
| Add: Deposits not credited | 39,214 |
| 48,006 | |
| Less: Outstanding cheques | 4,950 |
| Balance per cash book | 43,056 |
Assuming the bank statement balance of $8,792 to be correct, what would the cash book balance be?
SUGGESTED SOLUTIONS
| $ | |
| Balance per bank statement (overdrawn) | (8,792) |
| Add: lodgements credited after date | 39,214 |
| Less: Outstanding cheques | (4,950) |
| Balance per cash book | 25,472 |