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Question Practice

Which of the following is not an example of why an entry in the passbook might differ from 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

Which of the following is not ...

Single Answer MCQ
Q-00106904

Which of the following is not an example of why an entry in the passbook might differ from the cash book?

1

Bank fees deducted

2

Customer payments received

3

Interest earned not recorded

4

Errors in recording transactions

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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.

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

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Q4.

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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