O-LevelAccountingVerification of accounting records7707/11 · May/June 2013 · Q91 Mark
On 31 March, Somraj's bank statement showed a credit balance of $740. Comparing the bank statement with the cash book he found the following. | | $ | |---|---| | bank charges | 30 | | unpresented cheques | 150 | Somraj updated his cash book as required. Which figure for bank should be shown in Somraj's balance sheet on 31 March?
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A$590
B$620
C$860
D$890
✓ Correct answer
A: $590
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