Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

The bank column in a cash book had a credit balance of $5000. Unpresented cheques totalled $1500. The bank statement included bank charges of $700 that had not been entered in the cash book. What balance appears on the bank statement?

  • A$4200 credit
  • B$4200 debit
  • C$5800 credit
  • D$5800 debit

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