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
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