Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

In a bank reconciliation statement, the cash book shows a credit balance of $400$ and the bank statements show a balance in hand of $100$. The bank reconciliation statement also contains unpresented cheques of $700$ together with cheques banked and not yet credited in the bank statements. What is the total value of cheques banked and not yet credited?

  • A$200$
  • B$400$
  • C$1\,000$
  • D$1\,200$

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