ACCA F3 Mock Exam Bank Recon
The following bank reconciliation statement has been prepared by a trainee accountant:
| Overdraft per bank statement | 6,000 |
| less: Outstanding cheques | 6,000 |
| add: Deposits credited after date | 90,000 |
| Cash at bank as calculated above | 90,000 |
| What should be the correct balance per the cash book? |
| a. | 78,000 | Balance at bank |
| b. | 90,000 | Balance at bank |
| c | 102,000 | Balance at bank |
| d.. | 90,000 | Overdrawn |
ACCA F3 Mock Exam Bank Recon
The answer should be as follows:
| Overdraft per bank statement | (6,000) |
| Less: Outstanding cheques | (6,000) |
| Add: Deposits credited after date | 90,000 |
| Cash at bank as calculated above | 78,000 |