The cashbook shows a bank balance of £43,250 overdrawn at 30/11/21. It is subsequently discovered that a standing order for £8,000 has been entered twice, and that a dishonoured cheque for £2,725 has been debited in the cashbook instead of credited. What is the correct bank balance?

The cashbook shows a bank balance of £43,250 overdrawn at 30/11/21. It is subsequently discovered that a standing order for £8,000 has been entered twice, and that a dishonoured cheque for £2,725 has been debited in the cashbook instead of credited. What is the correct bank balance?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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