Accounting 0452 · IGCSE · Bank reconciliation

Bank reconciliation — practice question

On 30 June, the bank column in Farad’s cash book recorded an overdraft balance of $2000. The following items had not yet been entered in the cash book: - rent standing order $200 - bank overdraft interest $50 - a credit transfer from X Limited $2900 What was the adjusted balance in the bank column of the cash book on 1 July?

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

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI