A cash book balance at 31 October 2003 was $1600. When the bank statement was received the

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A cash book balance at 31 October 2003 was $1600. When the bank statement was received the following were discovered:

(i) A cheque for $425 sent to a customer had been entered in the cash book as $452

(ii) A cheque for $375 sent to a customer had not been presented for payment

(iii) A cheque for $400 paid into the bank had not been credited in the bank statements.

What was the balance on the bank statement at 31 October 2003?

A. $1548

B. $1575

C. $1602

D. $1652

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Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Posted: Aug 27, 2023 09:15 AM

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A cash book balance at 31 October 2003 was $1600. When the bank statement was received the

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To calculate the balance on the bank statement at October 31 2003 we need to adjust the cash book ...View the full answer

Accounting A Level And AS Level

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