Accounting 0452 · IGCSE · Bank reconciliation

Bank reconciliation — practice question

At 30 June, the bank column in Farad’s cash book indicated an overdrawn balance of $2000. These items had not yet been recorded in the cash book. - standing order for rent: $200 - interest on bank overdraft: $50 - credit transfer from X Limited: $2900 What would the adjusted balance of the bank column in the cash book be at 1 July?

  • A$650 credit
  • B$650 debit
  • C$1150 credit
  • D$1150 debit

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