O-LevelAccountingVerification of accounting records7707/12 · Oct/Nov 2024 · Q111 Mark
The bank column of a trader's cash book showed an overdrawn balance of $1200. When the trader compared the cash book with the bank statement he found the following items were not included in the cash book. bank charges $100 credit transfer $400 direct debit $60 What was the balance brought down in the bank column of the cash book after it was updated?
A$960 credit
B$960 debit
C$1640 credit
D$1640 debit
✓ Correct answer
A: $960 credit
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