Multiple Choice
In drawing up a Trial Balance,the following figures are shown:
What can be deduced from the extract above?
A) There is a total of £2,000 in the business - £1,800 at the bank, and £200 in the cash tin
B) There is an overdraft of £1,800 at the bank and the cash tin is owed £200
C) The bank is showing as overdrawn by £1,800. The cash account must be incorrect
D) The bank balance is £1,800 "in credit" meaning there is £1,800 at the bank. The cash tin is owed £200
Correct Answer:

Verified
Correct Answer:
Verified
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