CIMA BA3 · Chapter 6 · Question 10 of 10
A business's cash book shows a debit balance of $1,800. It is discovered that a standing order payment of $150 was entered twice in the cash book. What is the corrected cash book balance?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) $1,950 debit
Explanation
The payment was credited twice, so the balance is understated by one payment. Corrected balance = $1,800 + $150 = $1,950 debit.
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