Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

The table presents selected details from a business’s bank reconciliation. Balance per cash book at 31 December: $2075 debit Balance per bank statement at 31 December: $2250 credit Bank charges per bank statement not entered in cash book: $150 Outstanding cheques not presented at the year end: $325 What bank balance should be reported in the financial statements?

  • A$1600
  • B$1925
  • C$2075
  • D$2225

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