Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A business cash book recorded a debit bank balance of $3900. This was different from the balance shown on the bank statement. The bank statement also listed bank charges of $250, a direct debit of $3280 and a credit transfer of $300. These amounts had not been recorded in the cash book. A payment of $620 entered in the cash book had still not been presented for payment. What was the balance in the revised cash book?

  • A$70
  • B$670
  • C$1290
  • D$7130

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