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What is the correct cash balance

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Question - An organization is reconciling its bank statement with its internal records. The cash balance per bank statement is P 12,000 while the cash balance per company books is P 10,800. There are P1,200 of bank charges that are not yet recorded, 1,800 of outstanding checks, P 3,000 of deposits in transit, and P 3,600 of bank credits and collections not yet recorded in the company's books. If there are no bank or book errors, what is the correct cash balance?

Reference no: EM132624981

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