Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A bank statement shows a credit balance of $8360. When this is compared with the cash book, the following differences are found: 1 bank charges of $124 have not yet been recorded in the cash book 2 cheques received from customers for $16223 have not been credited by the bank 3 cheques sent to suppliers for $18725 have not been presented. What should the correct cash book balance be?

  • A$5734 credit
  • B$5734 debit
  • C$5858 debit
  • D$10986 credit

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