The following bank reconciliation has been partially completed:
- Balance per bank statement (overdrawn) £73,680
- Uncredited lodgements £102,480
- Unpresented cheques £87,240
What should the cash book balance be?
Select ONE answer:
- £88,920 credit
- £88,920 debit
- £58,440 debit
- £58,440 credit
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 4
- Not correct
- Not correct
- Not correct
- Correct – £58,440 credit ==> – £73,680 + 102,480 – 87,240 = 58,440 overdrawn.
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