banking help

lisia

New member
Joined
Nov 1, 2005
Messages
10
bank statement shows the cash balance of 430.65
the register of the account owner shows an outstanding deposit of 45.00 and a outstanding check of 180.90. compute adjusted bank balance
 
Deposits are amounts that get added to the account; checks and other debits are amounts that get subtracted from the account.

Eliz.
 
lisia said:
bank statement shows the cash balance of 430.65
the register of the account owner shows an outstanding deposit of 45.00 and a outstanding check of 180.90. compute adjusted bank balance

"Outstanding" means recorded in your records but not in the bank's;
like you wrote a check on Nov 29th, recorded it in your records, but the
check still had not been processed by bank statement date of Nov 30th;
so adjusted bank balance = 430.65 + 45.00 - 180.90
 
Top