The bank balance shown in Jay's cash book at 31 October is £52,135.67. Receipts recorded in the cash book and paid into the bank, which have not yet been recorded as receipts on the bank statement at 31 October total up to £5,981.45. Payments recorded in the cash book that have not yet been listed as payments on the bank statement at 31 October add up to £4,621.40. The bank statement shows a direct payment to a supplier of £275.22 which has not been recorded in the cash book. What is the bank balance on the bank statement at 31 October once any necessary adjustments to the bank balance in the cash book have been made?
A) £50,500.40
B) £50,775.62
C) £51,050.84
D) £53,220.50
Correct Answer:
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