Simon Ltd's bank statement showed a credit balance of $14 000 at 31 October.It also showed bank service charges of $2200 and a direct credit received from a customer amounting to $600.Unpresented cheques were $1400 and there was an outstanding deposit for $4600.
-What was the final bank balance in Simon Ltd's ledger at 31 October?
A) $10800 Dr
B) $10800 Cr
C) $17200 Dr
D) $17200 Cr

Question

Quizplus · Accepted Answer

The Answer of Simon Ltd's bank statement showed a credit balance of $14 000 at 31 October.It also showed bank service charges of $2200 and a direct credit received from a customer amounting to $600.Unpresented cheques were $1400 and there was an outstanding deposit for $4600.
-What was the final bank balance in Simon Ltd's ledger at 31 October?
A) $10800 Dr
B) $10800 Cr
C) $17200 Dr
D) $17200 Cr

Simon Ltd's Bank Statement Showed a Credit Balance of $14