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A company bank statment show as $1430 direct debit and $706 investment income not recorded in the cashbook . the bank statement doesnot show customer's cheque for $1750 ent…
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A company bank statment show as $1430 direct debit and $706 investment income not recorded in the cashbook . the bank statement doesnot show customer's cheque for $1750 ent…
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Dec 23, 2023
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A company bank statment show as $1430 direct debit and $706 investment income not recorded in the cashbook . the bank statement doesnot show customer's cheque for $1750
entered in the cashbook on the last day of the accounting period
If the cashbook shows a credit balance of $1220 what balance appears on the bank statement?
A. $194 overdrawn
B.1254 overdrawn
C.2246 overdrawn
D.3694 overdrawn
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Answer: A. $194 withdrawn
Explanation: 1220+ (1430-706)= 1944-1750= -194
Pygmalion
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Dec 28, 2023
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