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 bank balance in Tell Ltd's books at 30 November before the adjustments?
A) $7800 Dr
B) $7900 Cr
C) $8600 Cr
D) $9400 Dr

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 bank balance in Tell Ltd's books at 30 November before the adjustments?
A) $7800 Dr
B) $7900 Cr
C) $8600 Cr
D) $9400 Dr

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