Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A business owner thinks that cash may have gone missing. He gives the figures below: cash balance at the beginning of the month $\$150$; cash balance at the end of the month $\$100$; cash banked $\$10200$; cash sales for the month $\$10500$. What amount of cash has been lost?

  • A$\$200$
  • B$\$250$
  • C$\$300$
  • D$\$350$

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