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Alison Ltd's Bank Statement Showed a Debit Balance of $7000

Question 26

Multiple Choice

Alison Ltd's bank statement showed a debit balance of $7000 at 31 December.It also showed bank service charges of $1100 and a direct credit received from a customer for the company amounting to $300.Unpresented cheques were $700 and there was an outstanding deposit for $2300.
-What was the bank balance in Alison Ltd's books at 31 December before the adjustments?


A) $7800 Dr
B) $7900 Cr
C) $8600 Dr
D) $9400 Cr

Correct Answer:

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