Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

The bank section of a business cash book had a debit balance of $\$25\,000$. The following items were then identified. Direct debit payments that had not been entered in the cash book: $\$6\,500$. Sales receipts paid straight into the bank by customers but missing from the cash book: $\$5\,500$. Bank charges that were not entered in the cash book: $\$1\,500$. A payment made by the business but not yet appearing on the bank statement: $\$4\,500$. What was the adjusted balance in the cash book?

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

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