CIMA BA3 · Chapter 6 · Question 4 of 10
A cash book shows a debit balance of $3,870. The bank statement shows bank charges of $95, a credit transfer from a customer of $640 and a direct debit of $210, none of which have been recorded in the cash book. What is the corrected cash book balance?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) $4,205
Explanation
Corrected cash book = $3,870 - bank charges $95 + credit transfer $640 - direct debit $210 = $4,205 debit.
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