___________ are checks that are issued by the business but not yet presented to bank

Related Mcqs:

A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book?

A. $2000 will be debited in cash book B. $2000 will be credited in cash book C. $4000 will be debited in cash book D. $4000 will be credited in the cash book...

Favorable balance of cash book implies that

A. Credit balance of cash book B. Debit balance of cash book C. Bank overdraft D. Adjusted balance of cash book...

Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the _________ (prepared by business).

A. Cash receipt journal B. Cash payment journal C. Cash book D. Financial statements...

Which of the following error results in unadjusted cash book balance?

A. Outstanding checks B. Unpresented checks C. Deposit in transit D. Omission of Bank charges...

_________ Checks that are presented to bank but not yet credited by the bank.

A. Unpresented checks B. Uncredited checks C. Outstanding checks D. Bounced checks...