PRC-1 · Chapter 9 · Question 23 of 100
A cheque issued to a supplier for Rs. 5,000 was recorded in the cash book but completely omitted from the bank statement up to the period end. What is this called?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Unpresented cheque
Explanation
A cheque issued (payment) that has not yet hit the bank statement is termed an unpresented cheque.
More Bank Reconciliations MCQs
- Q25The receipt side of the cash book was over-casted by Rs. 1,500. To correct this error, the accountant must:
- Q26If bank charges were mistakenly recorded twice in the cash book, the unadjusted cash book balance would be:
- Q27To correct the error of recording bank charges twice in the cash book, the entity should:
- Q28A cheque from a customer for Rs. 10,000 was returned dishonoured by the bank. The bank also charged Rs. 200 as a dishonour fee. What total…
- Q29A post-dated cheque received from a customer and kept in the safe should be: