Multiple Choice
A company received a bank statement showing a balance of $77,000.Reconciling items included outstanding cheques of $2300 and a deposit in transit of $9000.What is the company's adjusted bank balance?
A) $68,000
B) $70,300
C) $65,700
D) $83,700
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q45: If a system of internal controls is
Q91: In a bank reconciliation,a deposit in transit
Q98: Which of the following items are both
Q99: Around the end of the year,an accountant
Q100: When a cheque is issued,the party being
Q101: Which of the following is NOT included
Q102: The petty cash fund had an initial
Q104: The bank statement reveals an EFT received
Q107: In the following situation,which internal control procedure
Q108: In a bank reconciliation,a dishonoured cheque will