Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

The table below gives extracts from a business’s bank reconciliation. Cash book balance at 31 December: $2075$ debit Bank statement balance at 31 December: $2250$ credit Bank charges shown on the bank statement but not recorded in the cash book: $150$ Cheques outstanding at the year end that have not yet been presented: $325$ What bank balance should be reported in the financial statements?

  • A$1600$
  • B$1925$
  • C$2075$
  • D$2225$

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