Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.

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Academy of PakistanTest & Learning

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315AccountingMedium

AZero

B$2000

C$3000

D$2500

Correct answer

B. $2000

Explanation

$2000 is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement. - Answer and Explanation | Academy of Pakistan