Use the following information to answer the question below
$ | |
Cash book balance (credit) | 750 |
Uncredited cheques | 500 |
Unpresented cheques | 1680 |
Direct credit | 300 |
Bank charges | 150 |
A. $ 580 Cr.
B. $ 430 Dr.
C. $ 430 Cr.
D. $ 1,480 Cr.
Correct Answer:
Option C – $ 430 Cr.
Explanation
Balance as per bank statement = 300+ 1680 – 500
= 1480