Multiple choice

If you start with cash book favourable balance in Bank Reconciliation Statement, which item will be added?

  1. Cheque deposited but not credited by the bank

  2. Cheque omitted to be deposited in the bank

  3. Any amount directly collected by the bank on behalf of customer but not recorded in cash book

  4. Overcast debit side of cash book
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Correct Answer: Any amount directly collected by bank on behalf of customer but not recorded in cash book

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