Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

At 31 December, the bank statement for a business shows a credit balance of $\$1570$. When the cash book was checked against the bank statement, the following items were found: - unpresented cheques: $\$1250$ - uncredited bankings: $\$1800$ A direct debit of $\$230$ had been entered in the cash book as $\$320$. What is the revised cash book balance at 31 December?

  • A$\$930$
  • B$\$1020$
  • C$\$2030$
  • D$\$2120$

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