Solution-What correct balance in the bank account at month

What correct balance in the bank account at month end is

Reference no: EM132817545

Problem 1: If the month-end bank statement shows a balance of P 36,000, outstanding checks are P 12,000, a deposit of P 4,000 was in transit at month end, and a check for P 500 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is

a. P27,500

b. P28,500

c. P20,500

d. P43,500

Reference no: EM132817545

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What correct balance in the bank account at month end is

Reference no: EM132817545

Reference no: EM132817545

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