A-LevelAccountingReconciliation and verification9706/12 · May/June 2017 · Q81 Mark
The following items are recorded in the cash book of a business but not yet recorded in its bank statement. $ cheques drawn 3000 amounts banked 250 The cash book shows a bank balance of $2600 credit. What is the balance on the bank statement?
A$150 credit
B$150 debit
C$400 credit
D$400 debit
✓ Correct answer
A: $150 credit
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Reconciliation and verification and see which topics are most likely to come up next.
Sign up free →