Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

On 30 April, a trader’s cash book has a debit balance of $12460. Bank charges of $4500 have not yet been entered in the cash book. A cheque for $14470 received from a credit customer and a cheque for $1740 paid to a supplier are recorded in the cash book, but neither is shown on the bank statement. What balance is shown on the bank statement at 30 April?

  • A$4770 credit
  • B$4770 debit
  • C$20690 credit
  • D$20690 debit

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