A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2016 · Q51 Mark
The year-end balance in the cash book was $23780. This was different from the balance on the bank statement. The difference was due to the following items. $ bank charges 216 a customer's cheque which was dishonoured 1375 a bank error meant a cheque was incorrectly debited to the bank account 560 What should be the value of bank in the statement of financial position?
A$21629
B$22189
C$25371
D$25931
✓ Correct answer
B: $22189
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 →