A company’s cash book at 31 December 2004
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A company’s cash book at 31 December 2004

A company’s cash book at 31 December 2004 shows a debit balance of £2,125. When the bank statement as at that date is received it is found that cheques drawn by the company totalling £274 had not been presented.

In addition, the statement recorded bank charges of £58 which had not been entered in the cash book.

What was the balance on the bank statement as at 31 December 2004? A £1,909 overdrawn balance B £1,909 favourable balance C £2,341 favourable balance D £2,457 favourable balance

Hint
ManagementA cashbook refers to a financial journal containing all disbursements and cash receipts including all the deposits and withdrawals from a bank. The entries that are made in a cash book are usually posted in a general ledger....

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