Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

In a business cash book, the bank column showed a debit balance of $25\,000. It was then found that the following items had been missed: direct debit payments not entered in the cash book $6500; customer sales paid straight into the bank but not entered in the cash book $5500; bank charges not entered in the cash book $1500; and a payment made by the business that had not yet appeared on the bank statement $4500. What was the correct cash book balance?

  • A$18\,000
  • B$19\,500
  • C$22\,500
  • D$27\,500

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