The following bank reconciliation has been prepared by a trainee accountant: £ Overdraft per bank statement 3,860 Less: Unpresented cheques 9,160 5,300 Add: Outstanding lodgements 16,690 Cash at bank 21,990 What should be the correct balance per the cashbook? a. £12,990 bank balance b. £3,670 bank balance c. £11,390 bank balance d. £3,670 overdrawn
The following bank reconciliation has been prepared by a trainee accountant: £ Overdraft per bank statement 3,860 Less: Unpresented cheques 9,160 5,300 Add: Outstanding lodgements 16,690 Cash at bank 21,990 What should be the correct balance per the cashbook? a. £12,990 bank balance b. £3,670 bank balance c. £11,390 bank balance d. £3,670 overdrawn
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following bank reconciliation has been prepared by a trainee accountant:
£ |
|
Overdraft per bank statement |
3,860 |
Less: Unpresented cheques |
9,160 |
5,300 |
|
Add: Outstanding lodgements |
16,690 |
Cash at bank |
21,990 |
What should be the correct balance per the cashbook?
a. |
£12,990 bank balance |
|
b. |
£3,670 bank balance |
|
c. |
£11,390 bank balance |
|
d. |
£3,670 overdrawn |
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