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The Cash Book Shows a Bank Balance of £1,675 Overdrawn

Question 5

Multiple Choice

The cash book shows a bank balance of £1,675 overdrawn at 31 December 20X1: It is subsequently discovered that a standing order for £125 has been entered twice, and that a dishonoured cheque for £450 has been debited in the cash book instead of credited.
The correct bank balance is:


A) £2,450 overdrawn
B) £2,250 overdrawn
C) £2,000 overdrawn
D) £1,100 overdrawn

Correct Answer:

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