A company had a debit bank balance of R50,000 on 1 August 2017. During August,...
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A company had a debit bank balance of R50,000 on 1 August 2017. During August, total payments were R640,000 and total receipts were R595,000. Bank charges of R15,000 had not yet appeared on the bank statement. What is the cash book balance at 31 August 2017? A. R10,000 balance B. R5,000 balance C. R5,000 overdrawn D. R10,000 overdrawn
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