Multiple choice

What reconciliation will be done with uncollected cheques when the balance as per pass book is the starting point?

  1. Subtracted in bank reconciliation statement

  2. Added in bank reconciliation statement

  3. Need not be rectified

  4. Overdrawing of amount

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cash book has data recorded for uncollected cheque, but these cheques do not have their entry in pass book. Therefore, this amount needs to be added.

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