O-LevelAccountingVerification of accounting records7707/12 · May/June 2014 · Q61 Mark

The cash book has a credit balance of $1500. There are unpresented cheques of $350 and uncredited deposits of $150. What is the balance on the bank statement?

A$1300

B$1300 overdrawn

C$1700

D$1700 overdrawn

✓ Correct answer

B: $1300 overdrawn

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About this question

Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2014 Paper 1 Variant 2, question 6.

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