Dillon Ltds bank statement shows an overdraft balance of 3,100. Comparison with the nominal ledger account for
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Dillon Ltd’s bank statement shows an overdraft balance of £3,100. Comparison with the nominal ledger account for bank shows that there are unpresented cheque payments totalling £1,300 and deposits not yet credited of £400. The figure for bank overdraft on the statement of financial position should be:
(a) £2,200
(b) £4,000
(c) £1,400
(d) £3,100
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