A bank statement showed an overdraft of $360 at 31 July 2004. The following discoveries were made:
Question:
A bank statement showed an overdraft of $360 at 31 July 2004. The following discoveries were made:
(i) Cheques totalling $2100 banked in July had not been credited in the bank statement.
(ii) Cheques drawn for $875 in the cash book in July had not been entered on the bank statement.
What was the balance in the cash book at 31 July 2004?
A. $865 Cr
B. $865 Dr
C. $1585 Cr
D. $1585 Dr
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The balance as per bank statement is 360 overdraft Cheques totalling 2100 banked i...View the full answer
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