question archive A company is reconciling its bank statement with internal records
A company is reconciling its bank statement with internal records
Subject:AccountingPrice: Bought3
A company is reconciling its bank statement with internal records. The cash balance per the company's books is P45,000. There are P5,000 of bank charges not yet recorded, P7,500 of outstanding checks, P12,500 of deposits in transit, and P15,000 of banker and collections not yet taken up in the company's books. What is the cash balance per bank?
2 points
