Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

The business cash book includes the following entries that have not yet appeared on the bank statement: cheques drawn $3000 and amounts banked $250. In the cash book, the bank balance is shown as $2600 credit. What balance is shown on the bank statement?

  • A$150 credit
  • B$150 debit
  • C$400 credit
  • D$400 debit

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