Accounting – 3.3 Bank reconciliation | e-Consult
3.3 Bank reconciliation (1 questions)
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Answer 2
XYZ Ltd
Bank Reconciliation Statement
As at 31 December 2023
| Balance per Bank Statement: £8,500 |
| Add: Unrecorded deposit: £600 |
| Less: Bank error (credit): £350 |
| Less: Unpresented cheque: £400 |
| Adjusted Bank Balance: £8,750 |
Explanation of Items:
- Unrecorded deposit: This is a credit item that increases the bank balance.
- Bank error (credit): This is a credit item that increases the bank balance.
- Unpresented cheque: This is a debit item that decreases the bank balance.