Accounting · Bank Reconciliation
Which one of the following expressions correctly represents the adjustments made to reconcile the bank statement balance to the cash ledger balance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Bank statement balance ± Cash ledger errors + Outstanding lodgements − Unpresented cheques = Cash ledger balance
- 2Bank statement balance ± Bank errors − Outstanding lodgements + Unpresented cheques = Cash ledger balance
- 3Bank statement balance ± Cash ledger errors − Outstanding lodgements + Unpresented cheques = Cash ledger balance
- 4Bank statement balance ± Bank errors + Outstanding lodgements − Unpresented cheques = Cash ledger balance✓
Correct answer
Bank statement balance ± Bank errors + Outstanding lodgements − Unpresented cheques = Cash ledger balance
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