6.2 The cash book shows a bank balance of $5,675 overdrawn at 3 discovered that a standing order for $125 has been entered twic $450 has been debited in the cash book instead of credited. What is the correct bank balance?
6.2 The cash book shows a bank balance of $5,675 overdrawn at 3 discovered that a standing order for $125 has been entered twic $450 has been debited in the cash book instead of credited. What is the correct bank balance?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:6.2 The cash book shows a bank balance of $5.675 overdrawn at 31 August 20X5. It is subsequently
discovered that a standing order for $125 has been entered twice, and that a dishonoured cheque for
$450 has been debited in the cash book instead of credited.
What is the correct bank balance?
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