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How would a bank error affect the reconciliation process?

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Single Answer MCQ

Q-00106892

It would have no effect

It could create a temporary difference

It would always favor the cashier

It indicates a fault in cash book records

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What should be added to the cash book balance to update it during reconciliation?

Q3.

If a bank has directly credited an account with interest, how should this be handled in the cash book?

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When cheques issued by a company are not presented for payment by the payee, what adjustments are made in the bank reconciliation statement?