Multiple choice

In the preparation of a bank reconciliation statement, if a debit balance as per the cash book is the starting point, then cheques issued, but not presented within the period, are

  1. deducted

  2. added

  3. not required to be adjusted

  4. None of these

  5. ask the customer to present immediately
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Right answer. Cheques issued, but not presented within the period, are to be added as the cash book shows a lesser balance becuase of these.

Keep practicing — related questions