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

question 91

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)¥275,000.
• B)¥285,000.
• C)¥205,000.
• D)¥435,000.