Balance as per bank statement is?

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