Mathematics · Financial Accounting
The following attempt at a bank reconciliation statement has been prepared by Q Co: Overdraft per bank statement: $38,600 Add: deposits not credited: $41,200 Subtotal: $79,800 Less: unpresented cheques: $3,300 Overdraft per cash book: $76,500 Assuming the bank statement balance of $38,600 overdrawn to be correct, what should the cash book balance be?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$76,500 overdrawn
- 2$75,900 overdrawn
- 3$700 overdrawn✓
- 4$5,900 cash at bank
Correct answer
$700 overdrawn
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