The balance of the cash book is an overdraft of $765. The bookkeeper has identified an error whereby a customer receipt of $78 was recorded twice. In addition uncleared lodgements of $347 have been identified. What should be the overdraft on the bank statement? See the ans below but I can’t seem to understand why the bank overdraft is 1190. Please explain in detail. $1,190 – correct ans
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The balance of the cash book is an overdraft of $765. The bookkeeper has identified an error whereby...
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