A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2024 · Q111 Mark
The cash book of a business showed a debit bank balance of $3900. This differed from the bank statement balance. The bank statement included bank charges of $250, a direct debit of $3280 and a credit transfer of $300. None of these amounts had been entered in the cash book. A payment of $620 entered in the cash book had not yet been presented for payment. What was the balance on the updated cash book?
A$70
B$670
C$1290
D$7130
✓ Correct answer
B: $670
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