Bank reconciliation statement is prepared by____________?

Related Mcqs:

In the Bank reconciliation statement “Deposit in transit” is usually:

A. Subtracted from bank balance B. Added to bank balance C. Added to Cash book balance D. Subtracted from cash book balance...

Unpresented checks also referred as____________?

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

Bank sent debit advice of $500 to company being interest on overdraft. It wasn’t entered in cash book. Identify the correct adjustment in cash book.

A. $500 will be debited B. $500 will be credited C. Non-adjustable D. $1000 will be subtracted...

Standing orders are ________

A. Credited in the cash book B. Debited in the cash book C. Entered in the bank statement D. Entered in the petty cash balance...

$5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.

A. $5000 will be credited B. $5000 will be debited C. $10,000 will be credited D. $10,000 will be debited...