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. $ 600 Cr
B. $ 300 Cr
C. $ 900 Cr
D. $ 1,200 Cr
Correct Answer:
Option B = $ 300 Cr
Explanation
Adjusted cash book balance
Dr side = 750
Cr side = 300 + 150
= 450
Bal c/d = 750 – 450
= 300 Cr since the debit side exceeds the credit side
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