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Accounting help. please explain Annabel's cash book shows her to be $2,030 overdrawn. A bank reconciliation, however, shows that a standing order payment for $365
Accounting help. please explain
Annabel's cash book shows her to be $2,030 overdrawn. A bank reconciliation, however, shows that a standing order payment for $365 had been entered in the cash book twice, and that a dishonoured customer's cheque for $275 had been debited rather than credited in the cash book.
What is Annabel's true overdraft position?
$1,845 | |
$1,940 | |
$2,120 | |
$2,215 |
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