Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A draft statement of financial position indicates a bank balance of $1400$. The additional information is as follows: cheques issued but not yet cleared by the bank: $150$ bank charges not recorded in the cash book: $45$ lodgements entered in the cash book but not appearing on the bank statement: $220$ What amount appears on the bank statement?

  • A$1285$
  • B$1355$
  • C$1425$
  • D$1515$

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