ACCA F3 Mock Exam Bank Recon
The following bank reconciliation statement has been prepared by a trainee accountant:
| Overdraft per bank statement | 7,000 |
| less: Outstanding cheques | 3,000 |
| add: Deposits credited after date | 40,000 |
| Cash at bank as calculated above | 44,000 |
| What should be the correct balance per the cash book? |
| a. | 30,000 | Balance at bank |
| b. | 44,000 | Balance at bank |
| c | 50,000 | Balance at bank |
| d.. | 44,000 | Overdrawn |
ACCA F3 Mock Exam Bank Recon
The answer should be as follows:
| Overdraft per bank statement | (7,000) |
| Less: Outstanding cheques | (3,000) |
| Add: Deposits credited after date | 40,000 |
| Cash at bank as calculated above | 30,000 |