O-LevelAccountingVerification of accounting records7707/12 · May/June 2013 · Q71 Mark

A business's bank statement showed an overdraft of $8500. A cheque, $400, paid to a supplier has not been presented for payment. What will be the balance on the bank statement after this cheque has been paid by the bank?

A$8100 credit

B$8100 debit

C$8900 credit

D$8900 debit

✓ Correct answer

D: $8900 debit

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2013 Paper 1 Variant 2, question 7.

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A business's bank statement showed an overdraft of $8500. A cheque, $400, paid to a supplier has not been presented for payment. What will be the balance on the bank statement after this cheque has been paid by the bank?

✓ Correct answer

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