9 benefits of marginal costing

Test your financial accounting knowledge #990

The cash book of ABC shows an overdraft of K13,000 at 30 June 2017. It is subsequently discovered that a standing order receipt of K900 has been entered twice and that a dishonoured cheque for K1,200 has been debited in the cash book instead of being credited.
What should be the correct balance as per cash book when the errors are corrected?
A. K13,900 overdrawn
B. K14,500 overdrawn
C. K16,300 overdrawn
D. K17,200 overdrawn

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