A bank statement showed a balance at bank of $3200. The value of unpresented cheques was $1200 and the value of uncredited deposits was $700. What was the debit balance in the cash book?
✓ Correct answer
B: $2700
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Verification of accounting records and see which topics are most likely to come up next.
Sign up free →