The cash book shows a debit balance of Rs 20,000. Interest of Rs 1,200 credited by the bank has not been recorded in the cash book. Ignoring other items, what is the bank statement balance?
Correct answer B. Rs 21,200
Explanation
The bank has added the interest but the cash book has not, so the bank statement shows more: 20,000 + 1,200 = Rs 21,200.
Answer checked How we write and check questions
Discussion