The following independent problems occurred at a medium-sized auditing firm for the year ended 31...
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Accounting
- The following independent problems occurred at a medium-sized auditing firm for the year ended 31 December 2020:
- The overdraft according to the bank statement amounted to R7 800.
- Outstanding cheques and outstanding deposits were R14 760 and R15 600 respectively.
- Bank charges, amounting to R900, were not captured at the end of the period.
What was the balance of the bank account in the general ledger at the end of the period?
- The following independent problems occurred at a medium-sized auditing firm for the year ended 31 December 2020:
- The overdraft according to the bank statement amounted to R7 800.
- Outstanding cheques and outstanding deposits were R14 760 and R15 600 respectively.
- Bank charges, amounting to R900, were not captured at the end of the period.
What was the balance of the bank account in the general ledger at the end of the period?
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