The cashbook shows a bank balance of £43,250 overdrawn at 30/11/21. It is subsequently discovered that a standing order for £8,000 has been entered twice, and that a dishonoured cheque for £2,725 has been debited in the cashbook instead of credited. What is the correct bank balance?

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter8: Budgets And Bank Reconciliations
Section: Chapter Questions
Problem 3.7C
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QUESTION 16
The cashbook shows a bank balance of £43,250 overdrawn at 30/11/21. It is
subsequently discovered that a standing order for £8,000 has been entered twice,
and that a dishonoured cheque for £2,725 has been debited in the cashbook instead
of credited.
What is the correct bank balance?
Transcribed Image Text:QUESTION 16 The cashbook shows a bank balance of £43,250 overdrawn at 30/11/21. It is subsequently discovered that a standing order for £8,000 has been entered twice, and that a dishonoured cheque for £2,725 has been debited in the cashbook instead of credited. What is the correct bank balance?
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