RICHFIELD Search Modules Resources Bursaries and Graduate Programme 7 In bank reconciliation statement the amount of outstanding cheques is added to balance of cash book ed out of Select one: a. overstated question b. understated c. adjusted O d. unadjusted 00 8 A sole trader has the following items in the book accounts: Sales R60 000: Cost of Sales RSO 000; Opening Stock R10 000, Purchases R40 000; Wages R20 000 and Office Rent R10 000. What is the value of net profit loss? ed out of question Select one: a. Loss: R10 000 b. Profit: R30 000 Loss: R70 000 d. Loss: R20 000