The Bank Statement of a Business Shows an Overdraft of $10

question 39

Multiple Choice

The bank statement of a business shows an overdraft of $10 000 at 31 March.In reconciling the account at that date indicate the treatment you would give to Cheque No.461 for $30 that was drawn on 25 March but had not yet been presented for payment.

• A)Record in the cash receipts journal
• B)Record in the cash payments journal
• C)Add to the bank statement balance in the bank reconciliation
• D)Subtract from the bank statement balance in the bank reconciliation

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