- 1 Marks
FA – May 2016 – L1 – SA – Q2 – Bank Reconciliation
A question regarding cashbook adjustments during the preparation of a bank reconciliation statement.
Question
During the preparation of a bank reconciliation statement, some transactions were discovered to have caused the difference between the cashbook balance and the bank statement balance. Which of the following will be required for cashbook adjustment?
A. Uncredited lodgement
B. Cheque paid in by the company but dishonoured
C. Amount incorrectly debited by the bank to the account
D. Amount incorrectly credited by the bank to the account
E. Cheque issued to Mr. Mohammed by the company but not yet presented in the bank
Find Related Questions by Tags, levels, etc.
- Tags: Bank Reconciliation, Cashbook Adjustment
- Level: Level 1
- Topic: Bank reconciliations
- Series: MAY 2016
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