Accounting 0452 · IGCSE · Bank reconciliation

Bank reconciliation — practice question

On 31 May, a business’s bank statement showed a credit balance of $1790. When the bank statement was checked against the cash book, the following items were found. The bank had mistakenly charged $35. Cheques not yet presented totalled $550. Deposits not yet credited totalled $250. What was the cash book balance?

  • A$1455
  • B$1490
  • C$1525
  • D$2125

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