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