The following attempt at a bank reconciliation statement has been prepared by Q co.
BANK RECONCILIATION
| $ | |
| Overdraft per bank statement | 11,304 |
| Add: Deposits not credited | 44,816 |
| 56,120 | |
| Less: Outstanding cheques | 7,920 |
| Balance per cash book | 48,200 |
Assuming the bank statement balance of $11,304 to be correct, what would the cash book balance be?
SUGGESTED SOLUTIONS
| $ | |
| Balance per bank statement (overdrawn) | (11,304) |
| Add: lodgements credited after date | 44,816 |
| Less: Outstanding cheques | (7,920) |
| Balance per cash book | 25,592 |