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The adjusted cash book balance 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. $ 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

Sunday

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