Question：Your cash book at 31 December 20X3 shows a bank balance of $565 overdrawn. On comparing this with your bank statement at the same date, you discover the following.

　　A cheque for $57 drawn by you on 29 December 20X3 has not yet been presented for payment.

　　A cheque for $92 from a customer, which was paid into the bank on 24 December 20X3, has been dishonoured on 31 December 20X3.

　　What is the correct bank balance to be shown in the statement of financial position at 31 December 20X3?

　　$________Overdrawn

　　The correct answer is: $657 overdrawn.

　　$(565)o/d - $92 dishonoured cheque = $(657) o/d