In reconciling the cash balance on December 31 with that shown in the bank stater Willy Company provided the following information: Balance per book Balance per bank statement P2,160,000 3,200,000

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.