O-LevelAccountingAccounting procedures7707/13 · Oct/Nov 2022 · Q131 Mark

Jamal's bank statement on 1 September 2022 showed a bank overdraft of $1460. At that date there were unpresented cheques of $385 and uncredited deposits of $255. What was the bank balance in the cash book on 1 September 2022?

A$1330 credit

B$1330 debit

C$1590 credit

D$1590 debit

✓ Correct answer

C: $1590 credit

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2022 Paper 1 Variant 3, question 13.

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