Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A company’s bank statement showed a credit balance of $2000. The following matters were discovered: 1 A receipt of $2700 and a payment of $3000 appeared on the bank statement. Both had been left out of the cash book. 2 Bank charges of $500 were correctly listed on the bank statement but had been entered as $600 in the cash book. What was the cash book balance before any required adjustments were made?

  • A$1600
  • B$1800
  • C$2200
  • D$2400

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