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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
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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

User Alex Hoppus
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1 Answer

5 votes

Answer: A. $194 withdrawn

Explanation: 1220+ (1430-706)= 1944-1750= -194

User Pygmalion
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