When preparing a bank reconciliation statement if you start with a debit balance as per cash book cheque issued but not presented within the period?

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
In your own opinion, what do you think are the major complications of the bank ...
Posted by:
Musa Muhammad Dandikko
29-September-2013

should be A)deducted B) added C) adjustment d) none of these

Accounting Auditing Cash Financial Accounting Banking

Question added by Jiju Ji , ACCOUNTANT OFFICER , CLASSIC ART LAMPS
Date Posted: 2017/05/24

Upvote (0) Views (7) Followers (2) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

Tafheem Badshah

by Tafheem Badshah , Assistant Director Finance , Air University

The correct option is B. You will add them back to cash book balance.

Downvote Reply () Report

Popular Searches

Sales Executive Jobs Engineers Jobs Engineering Technicians Jobs Accountant Jobs Driver Jobs

Write Your Answer

More Questions Like This

Total payment side of cash book undercast by 1000 if the starting point of debit balance in pass book then?
Top Answer: This 1000 must be adjusted in adjusted cash book first then come to the bank reconcilation. See More

Answers (2)
What are the major complications involved in preparation of bank reconciliation statement?
Top Answer: An accounting process used to compare two sets of records to ensure the figures are in agreement and are ... See More

Answers (5)
The following information is associated with the bank reconciliation of CDB Company as of 31 October 2013
Top Answer: <p>Unadjusted Balance per Bank 1,882</p> <p>+ Deposit in Transit ... See More

Answers (3)
How will you treat a wrong charge of overdraft interest when preparing bank reconciliation statement.?
Top Answer: MAKE A JOURNAL ENTRY IN OUR ACCOUNTING BOOK See More

Answers (1)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.