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Alison Ltd's Bank Statement Showed a Debit Balance of $7000

Question 7

Multiple Choice

Alison Ltd's bank statement showed a debit balance of $7000 at 31 December.It also showed bank service charges of $1100 and a direct credit received from a customer for the company amounting to $300.Unpresented cheques were $700 and there was an outstanding deposit for $2300
-What was the final bank balance in Alison Ltd's ledger at 31 December?


A) $5400 Dr
B) $5400 Cr
C) $8600 Dr
D) $8600 Cr

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