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 The adjusted cash book balance is

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

The adjusted cash book balance is

A $ 600 Cr
B $ 300 Cr
C $ 900 Cr
D $ 1,200 Cr

waec 2022 accounting

The correct answer is B. $ 300 Cr

Adjusted cash book balance

Dr side = 750

Cr side = 300 + 150

= 450

Bal c/d = 750 - 450

= 300 Cr since the debit side exceed the credit side

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