Commerce and Accounting · JCE / The cash book and bank reconciliation
StructuredExerciseForm 3 · JCE
On 1 May 2024 Neo's cash book showed cash P300 and bank P1 800. During May: May 4 received P450 cash from a customer; May 9 paid rent P900 by cheque; May 15 paid P200 cash into the bank.
- aCalculate the cash balance on 31 May. [2]
- bCalculate the bank balance on 31 May. [2]
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Source: Thuto360 JCE practice
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