Zahid's bank statement at 30 November shows a cash balance in the bank of £18,472.38. There is a receipt for £850.00 from a customer in the bank statement but not yet recorded in Zahid's cash book. Cash book receipts paid into the bank but not yet recorded in the bank statement by 30 September total up to £4,321.67 while cash book payments that have not been listed as payments on the bank statement at 30 September add up to £8,733.41. What is the bank balance in Zahid's cash book at 30 November once any necessary adjustments to the bank balance in the cash book have been made?

Question

Quizplus · Accepted Answer

The cash book balance is adjusted by subtracting unrecorded receipts (£850) and adding unrecorded payments (£8,733.41) to the bank statement balance (£18,472.38), then subtracting unrecorded deposits (£4,321.67). This results in a cash book balance of £14,910.64.

Zahid's Bank Statement at 30 November Shows a Cash Balance