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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