Day: May 15, 2024

The balance on Alex’s cash book is £27 overdrawn.

His bank statement shows that he is £625 in credit.

When Alex does a reconciliation, he finds that there are unpresented cheques of £327, unposted direct debits of £200, and a customer has paid £525 directly into his bank account.

His cash book should have a debit balance of???

Select ONE answer:

1. £298
2. £352
3. £752
4. £952

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 –> -27 – £200 + £525
2. Not correct
3. Not correct
4. Not correct

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