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O-LevelAccountingVerification of accounting records7707/11 · May/June 2024 · Q111 Mark

On 31 May the bank statement of a business showed a positive bank balance of $1790. Comparing the bank statement with the cash book the following items were discovered. The bank had charged $35 in error. Unpresented cheques totalled $550. Uncredited deposits totalled $250. What was the cash book balance?

A$1455
B$1490
C$1525
D$2125

✓ Correct answer

C: $1525

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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 2024 Paper 1 Variant 1, question 11.

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