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Use the following information to answer questions below

  $
Cash book balance (credit) 750
Uncredited cheques 500
Unprecedented cheques 1680
Direct credit 300
Bank charges 150
 

Balance as per bank statement is

A.

$580 Cr.

B.

$430 Dr.

C.

$430 Cr.

D.

 $1,480 Cr.

View answer & explanation

Correct answer is C

Balance as per bank statement = 300+ 1680 - 500

= 1480

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