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O-LevelAccountingVerification of accounting records7707/12 · Oct/Nov 2024 · Q101 Mark

The bank statement of a business had a credit balance of $2690 on 31 October. At that date cheques issued which had not been presented totalled $850. What was the bank balance in the cash book on 31 October?

A$1840 credit
B$1840 debit
C$3540 credit
D$3540 debit

✓ Correct answer

B: $1840 debit

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About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 2, question 10.

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