Question No 9:
Z’s bank statement shows a balance of $825 overdrawn. The bank statement includes bank charges of $50, which have not been entered in the cash book. There are unpresented cheques totalling $475 and deposits not yet credited of £600. The bank statement incorrectly shows a direct debit payment of $160, which belongs to another customer.
What figure for the bank balance should be shown in the statement of financial position?
A. $590 overdrawn.
B. $540 overdrawn.
C. $790 overdrawn.
D. $840 overdrawn.
Answer: B
No comments:
Post a Comment