A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2015 · Q151 Mark
A bank reconciliation statement has been prepared by an inexperienced book-keeper. | | $ | |---|---| | bank statement balance (overdrawn) | (68100) | | cheques received not paid in | 141200 | | cheques paid to suppliers, not yet presented | 209300 | | | (41800) | | cash book balance (overdrawn) | (167500) | What is the correct bank balance according to the cash book?
A$31 300 overdrawn
B$31 300
C$167500 overdrawn
D$167500
✓ Correct answer
B: $31 300
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