Acca financial Accounting (FA) Study Text ac ca (FA)

What was the resulting balance in the bank column of the cash 

book? 

$________ debit/credit* 

*delete which does not apply 

 50  The cash book shows a bank balance of $5,675 overdrawn at 31 March 

2005. It is subsequently discovered that a standing order for $125 had 

been entered twice and that a dishonoured cheque for $450 had been 

debited in the cash book instead of credited. 

The correct bank balance should be: 

A $5,100 

overdrawn 

B $6,000 

overdrawn 

C $6,250 

overdrawn 

D $6,450 

overdrawn 

51  A bank reconciliation was prepared for Q as follows: 

 $ 

Overdraft per bank statement 

38,600 

Add: deposits not credited 

41,200 

 –––––– 

 79,800 

Less: outstanding cheques 

3,300 

 –––––– 

Overdraft per cash book 

76,500 

 ––––––