O-LevelAccountingVerification of accounting records7707/12 · May/June 2021 · Q121 Mark

Jamal's bank statement at 1 May 2021 showed a bank overdraft of $1460. At that date there were unpresented cheques of $385 and uncredited deposits of $255. What was the cash book balance on 1 May 2021?

A$1330 credit

B$1330 debit

C$1590 credit

D$1590 debit

✓ Correct answer

A: $1330 credit

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2021 Paper 1 Variant 2, question 12.

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Jamal's bank statement at 1 May 2021 showed a bank overdraft of $1460. At that date there were unpresented cheques of $385 and uncredited deposits of $255. What was the cash book balance on 1 May 2021?

✓ Correct answer

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