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BR
Question Practice

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

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Bank Reconciliation Statement
Question Bank

If a bank has directly credite...

Single Answer MCQ
Q-00054073

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

1

It should be ignored

2

It should be subtracted

3

It should be added

4

It should be transferred to another account

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What does the bank reconciliation statement help to identify?

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Q2.

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

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Q3.

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

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Q4.

Which of the following transactions would require deducting an amount from the cash book?

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