Multiple Choice
If the month-end bank statement shows a balance of $49,000, outstanding cheques are $16,000, a deposit of $7,000 was in transit at month end, and a cheque for $800 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is
A) $40,800.
B) $40,000.
C) $24,800.
D) $20,100.
Correct Answer:
Verified
Correct Answer:
Verified
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