When starting with the cash book balance in preparing the bank reconciliation statement; the following are added?

By: |Published on: Nov 29|Categories: Accounting JAMB| 0 comments

A. Unpresented cheque
B. Dividend
C. Uncredited cheque
D. credit transfer

Correct Answer:

Option C – Uncredited cheque

Explanation

Uncredited cheque has to be less when starting with balance as per cashbook not add because the cheque are yet to be credited by the bank

Users Also Read These:

SEE ALSO  A reserve is an amount?

Copyright warnings! Do not copy.