Day: March 14, 2021

A bank reconciliation statement shows a credit balance of £400 in the Cash Book and a balance in hand of £100 in the bank statements. 

The bank reconciliation statement includes unpresented cheques of £700 in addition to cheques banked and not yet credited in the bank statements.

What is the total of cheques banked and not yet credited?

Select ONE answer:

1. £200
2. £400
3. £1,000
4. £1,200

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 1

1. Correct – (£400) + £700 – £200 = £100
2. Not correct
3. Not correct
4. Not correct

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