A-LevelAccountingReconciliation and verification9706/12 · Feb/Mar 2020 · Q71 Mark
A company's bank statement showed a credit balance of $2000. The following errors were found. 1 A receipt of $2700 and a payment for $3000 were recorded on the bank statement. Both had been omitted from the cash book. 2 Bank charges of $500 were correctly shown on the bank statement but had been recorded as $600 in the cash book. What was the cash book balance before the errors were corrected?
A$1600
B$1800
C$2200
D$2400
✓ Correct answer
C: $2200
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