The municipality of Greenvale received its monthly bank statement showing a balance of $27,629 Cr at 31 January.On this date cash received from ratepayers and not yet deposited at the bank totalled $857 and outstanding cheques were $4,321.The amount to appear as cash at bank on the 31 January balance sheet is:

Question

Quizplus · Accepted Answer

To find the cash at bank balance on 31 January, we need to adjust the balance of $27,629 with the cash received from ratepayers and outstanding cheques.

So, the adjusted balance should be:

$27,629 (bank statement balance)
+ $857 (cash received from ratepayers)
- $4,321 (outstanding cheques)
= $24,165

Therefore, the correct answer is D: $24,165.

The Municipality of Greenvale Received Its Monthly Bank Statement Showing