The bank balance shown in Florian's cash book at 31 December is £22,988.44. Receipts recorded in the cash book and paid into the bank, which have not yet been recorded as receipts on the bank statement at 31 December total up to £4,762.12. Payments recorded in the cash book that have not yet been listed as payments on the bank statement at 31 December add up to £8,269.74. The bank statement shows a direct receipt from a customer of £481.66 and a direct payment to a supplier of £212.33 neither of which has been recorded in the cash book. What is the bank balance on the bank statement at 31 December once any necessary adjustments to the bank balance in the cash book have been made?

Question

Quizplus · Accepted Answer

To find the bank statement balance, start with the cash book balance of £22,988.44. Add receipts not yet recorded (£4,762.12) and subtract payments not yet recorded (£8,269.74). Then, adjust for the direct receipt (£481.66) and the direct payment (£212.33). The calculation is £22,988.44 + £4,762.12 - £8,269.74 + £481.66 - £212.33 = £26,765.39.

The Bank Balance Shown in Florian's Cash Book at 31