Tell Ltd's bank statement showed a credit balance of $7000 at 30 November.It also showed bank service charges of $1100 and the collection of a note for the company amounting to $300.Unpresented cheques were $700 and there was an outstanding deposit for $2300.
-What was the final bank balance in Tell Ltd's ledger at 30 November?
A) $5400 Dr
B) $5400 Cr
C) $8600 Dr
D) $8600 Cr

Question

Quizplus · Accepted Answer

The Answer of Tell Ltd's bank statement showed a credit balance of $7000 at 30 November.It also showed bank service charges of $1100 and the collection of a note for the company amounting to $300.Unpresented cheques were $700 and there was an outstanding deposit for $2300.
-What was the final bank balance in Tell Ltd's ledger at 30 November?
A) $5400 Dr
B) $5400 Cr
C) $8600 Dr
D) $8600 Cr

Tell Ltd's Bank Statement Showed a Credit Balance of $7000