A Business Has the Following Cash and Bank Transactions During

Multiple Choice

A business has the following cash and bank transactions during the year ended 31/12/X1. Opening balance: Cash £1,000, Bank £2,000 overdrawn
Cash receipts: £25,200
Cash paid: £6,400
Cash paid to bank: £11,000
Cheque payments: £16,400
Closing balance: Cash £1,200, Bank £12,400 overdrawn. What are the total cash and bank drawings?

A) £1,720
B) £12,600
C) £23,600
D) £29,600