PRC-1 · Chapter 9 · Question 4 of 100
Which of the following items is NOT required to be adjusted in the revised/adjusted cash book?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Unpresented cheques.
Explanation
Unpresented cheques are a timing difference. They have already been correctly recorded as payments in the cash book, so no cash book adjustment is needed. They only appear in the Bank Reconciliation Statement.
More Bank Reconciliations MCQs
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