Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

At the end of the year, the cash book showed a closing balance of $23780. This did not match the balance shown on the bank statement. The difference came from the following items. a cheque was recorded wrongly by the bank as a debit to the bank account ($560) a customer’s cheque that was dishonoured ($1375) bank charges ($216) What amount should appear as cash at bank in the statement of financial position?

  • A$21629
  • B$22189
  • C$25371
  • D$25931

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