Use the following information to answer questions below
$
Cash book balance (credit) 750
Uncredited cheques 500
Unpresented cheques 1680
Direct credit 300
Bank charges 150
Balance as per bank statement is
  • A $ 580 Cr.
  • B $ 430 Dr.
  • C $ 430 Cr.
  • D $ 1,480 Cr.

The correct answer is C. $ 430 Cr.

Balance as per bank statement = 300+ 1680 - 500

= 1480

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