Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A business owner thinks that some 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 $10\,200; cash sales during the month $10\,500. What amount of cash has been lost?

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

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