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GaryK [48]
3 years ago
12

If the month-end bank statement shows a balance of $54,000, outstanding checks are $15,000, a deposit of $6,000 was in transit a

t month end, and a check for $900 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is:
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
6 0

Answer:

The answer is $45,900

Explanation:

A bank reconciliation is the process of reconciling the balances in an entity's accounting records for a cash book account to the balance on the bank statement.

Balance as per bank --------$54,000

Add:

Deposit in transit--------------- $6,000

Error charged-----------------------$900

Subtract:

Outstanding checks are----$15,000

Correct balance----------------$45,900

Therefore, the correct balance in the bank account at month end is $45,900

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3 years ago
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