Y's bank statement showed a credit balance of $2170 at 31 May 2004. An examination of the

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Y's bank statement showed a credit balance of $2170 at 31 May 2004. An examination of the statement showed the following:

(i) A direct debit for $300 had been debited twice in the bank statement

(ii) A cheque for $1015 sent to a customer had not been presented for payment

(iii) A cheque for $600 paid into the bank had not been credited in the bank statement.

What was the cash book balance at 31 May 2004?

A. $1455

B. $2055

C. $2285

D. $2885

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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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Y's bank statement showed a credit balance of $2170 at 31 May 2004. An examination of the

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To find the cash book balance at 31 May 2004 we need to adjust the credit balance shown on the bank ...View the full answer

Accounting A Level And AS Level

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