At the close of a business’s financial year, the details below are given. Debit balance on the bank statement: $1000$ Unpresented cheques: $300$ Lodgements not yet credited by the bank: $600$ Bank charges and interest charged not yet entered in the cash book: $150$ What is the current balance in the cash book?
- A$400$ credit
- B$400$ debit
- C$550$ credit
- D$550$ debit