Multiple choice

Which of the following items is to appear in the Bank Reconciliation Statement if the balance as per Amended Cash Book is taken as the starting point?

  1. Bank charges and interest charged by bank

  2. Interest allowed and direct payments by bank

  3. Direct payment by our debtors into the bank

  4. A wrong entry in the pass book
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 If the balance as per Amended Cash Book is taken as the starting point, the wrong entry passed in the Pass book will effect the totals. 

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