Day: August 28, 2020

The bank statement of a business showed a bank overdraft of £1,640 on 1 August 2020.

At that date there were uncredited deposits of £380 and un-presented cheques of £460.

What was the cash book balance on 1 August 2020?

Select ONE answer:

1. £1,560 credit
2. £1,560 debit
3. £1,720 credit
4. £1,720 debit

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct = -£1,640 -£460 + £380
4. Not correct

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