PRC-1 · Chapter 9 · Question 47 of 100
If a business decides to adjust its cash book before preparing the BRS, which of the following items will ONLY appear in the BRS?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Unpresented cheques
Explanation
Items like bank charges, direct debits, and dishonoured cheques are updated in the cash book. Only timing differences (like unpresented cheques) and bank errors remain exclusively in the BRS.
More Bank Reconciliations MCQs
- Q49What is the correct journal entry for a bank charge of Rs. 500 recorded in the bank statement but missed in the cash book?
- Q50A payment of Rs. 1,200 was recorded in the cash book as Rs. 2,100. What is the correcting entry in the cash book?
- Q51Which of the following correctly describes an unfavorable (overdraft) balance in the cash book?
- Q52Which of the following correctly describes a favorable balance on a bank statement?
- Q53An unfavorable (overdraft) balance on a bank statement is represented by a: