If the Month-End Bank Statement Shows a Balance Of $¥ 360,000$

question 111

Multiple Choice

If the month-end bank statement shows a balance of $¥ 360,000$ , outstanding checks are $¥ 120,000$ , a deposit of $¥ 40,000$ was in transit at month end, and a check for $¥ 5,000$ was erroneously charged by the bank against the account, the correct balance in the bank account at month end is

• A) \(\quad ¥ 275,000\).
• B) \(\quad ¥ 285,000\).
• C) \(\quad ¥ 205,000\).
• D) \(\quad ¥ 435,000\).

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Definitions:

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