Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A draft statement of financial position records a bank balance of $1\,400$. The additional information is as follows. Cheques issued but still uncleared by the bank: $150$ Bank charges not yet entered in the cash book: $45$ Lodgements recorded in the cash book but absent from the bank statement: $220$ Which amount appears on the bank statement?

  • A$1\,285$
  • B$1\,355$
  • C$1\,425$
  • D$1\,515$

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