ACCA F3 Mock Exam Bank Recon
The following bank reconciliation statement has been prepared by a trainee accountant:
| Overdraft per bank statement | 1,000 |
| less: Outstanding cheques | 6,000 |
| add: Deposits credited after date | 40,000 |
| Cash at bank as calculated above | 35,000 |
| What should be the correct balance per the cash book? |
| a. | 33,000 | Balance at bank |
| b. | 35,000 | Balance at bank |
| c | 47,000 | Balance at bank |
| d.. | 35,000 | Overdrawn |
ACCA F3 Mock Exam Bank Recon
The answer should be as follows:
| Overdraft per bank statement | (1,000) |
| Less: Outstanding cheques | (6,000) |
| Add: Deposits credited after date | 40,000 |
| Cash at bank as calculated above | 33,000 |