9706/12 Accounting Oct Nov 2020 Online Test | Cambridge AS and A Level MCQ
A bank statement shows a credit balance of $1500.
A payment of $\$ 500$ and a receipt of $\$ 1250$ were included in the cash book but have not yet appeared on the bank statement.
Bank interest payable of $\$ 1100$ had been correctly recorded in the cash book but due to a bank error had been recorded in the bank statement as $1000.
What is the cash book balance?