ACCA F3 Mock Exam Bank Recon
The following bank reconciliation statement has been prepared by a trainee accountant:
| Overdraft per bank statement | 8,000 |
| less: Outstanding cheques | 8,000 |
| add: Deposits credited after date | 70,000 |
| Cash at bank as calculated above | 70,000 |
| What should be the correct balance per the cash book? |
| a. | 54,000 | Balance at bank |
| b. | 70,000 | Balance at bank |
| c | 86,000 | Balance at bank |
| d.. | 70,000 | Overdrawn |
ACCA F3 Mock Exam Bank Recon
The answer should be as follows:
| Overdraft per bank statement | (8,000) |
| Less: Outstanding cheques | (8,000) |
| Add: Deposits credited after date | 70,000 |
| Cash at bank as calculated above | 54,000 |