O-LevelAccountingVerification of accounting records7707/12 · Oct/Nov 2019 · Q71 Mark
On 1 October the bank column of Kim's cash book showed an overdraft of $120. She was then notified that a cheque, $80, received from a customer in September had been dishonoured. What was the balance of the bank column in Kim's cash book after recording this dishonoured cheque?
Acredit $40
Bcredit $200
Cdebit $40
Ddebit $200
✓ Correct answer
B: credit $200
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