I have done a bank reconciliation and am out $1 080, the exact amount of unpresented cheques. What could I have done wrong? The last bank reconciliation had a closing balance of $9000. The one as of today has an opening of $10 080. Difference $1080. This is stressing me out
2 years, 10 months agoJenni Cullen
I am not able to assist you in this assessment task.
All I can do is suggest you refer back to Unit/Chapter 6 of the student manual, where from around page 185 it shows you how to enter the unpresented cheques, and carry out the initial reconciliation.