Accounting 0452 · IGCSE · Bank reconciliation

Bank reconciliation — practice question

On 1 March, the bank column in a cash book showed a credit balance of $290. In March, cheques with a total value of $580 were received and cheques amounting to $610 were issued to suppliers. Bank charges of $12, which had been incurred in February, were also recorded in the cash book. What was the balance in the bank column of the cash book on 1 April?

  • A$248 credit
  • B$248 debit
  • C$332 credit
  • D$332 debit

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