A company's bank statement shows $715 direct debits and $353 investment income not recorded in the cash book. The bank statement does not show a customer's cheque for $875 entered in the cash book on the last day of the accounting period. If the cash book shows a credit balance of $610, what balance appears on the bank statement? Given the facts in the question above, what is the figure for the bank balance to be reported in the final accounts? $1,847 credit $972 credit $972 debit $1,847 debit (BCD
A company's bank statement shows $715 direct debits and $353 investment income not recorded in the cash book. The bank statement does not show a customer's cheque for $875 entered in the cash book on the last day of the accounting period. If the cash book shows a credit balance of $610, what balance appears on the bank statement? Given the facts in the question above, what is the figure for the bank balance to be reported in the final accounts? $1,847 credit $972 credit $972 debit $1,847 debit (BCD
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![A company's bank statement shows $715 direct debits and $353 investment income not recorded in the
cash book. The bank statement does not show a customer's cheque for $875 entered in the cash book
on the last day of the accounting period. If the cash book shows a credit balance of $610, what balance
appears on the bank statement?
Given the facts in the question above, what is the figure for the bank balance to be reported in the final
accounts?
$1,847 credit
$972 credit
$972 debit
$1,847 debit
A
B
D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2560d2db-0f8a-4431-9c47-94e9fb413ff7%2F3adc4046-64ce-4f73-bd44-f43730e4eb5c%2Furoz8ng_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A company's bank statement shows $715 direct debits and $353 investment income not recorded in the
cash book. The bank statement does not show a customer's cheque for $875 entered in the cash book
on the last day of the accounting period. If the cash book shows a credit balance of $610, what balance
appears on the bank statement?
Given the facts in the question above, what is the figure for the bank balance to be reported in the final
accounts?
$1,847 credit
$972 credit
$972 debit
$1,847 debit
A
B
D
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