Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

At the end of the year, the cash book showed a balance of $23780. This did not match the balance shown on the bank statement. The mismatch was caused by these items. bank charges: 216 a customer’s cheque was dishonoured: 1375 a bank error led to a cheque being wrongly debited to the bank account: 560 What value should bank be shown at in the statement of financial position?

  • A$21629
  • B$22189
  • C$25371
  • D$25931

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