PRC-1 · Chapter 9 · Question 79 of 100
When reconciling from the bank statement balance to the cash book balance, how are unpresented cheques treated?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) They are deducted
Explanation
Working backwards: Bank Balance + Uncleared Lodgements - Unpresented Cheques = Cash Book Balance. Thus, unpresented cheques are deducted.
More Bank Reconciliations MCQs
- Q81The bank column of a cash book showed a debit balance of Rs. 12,000. Unpresented cheques were Rs. 4,000. Uncleared lodgements were Rs…
- Q82A cheque for Rs. 600 deposited into the bank was incorrectly recorded as Rs. 60 in the cash book. What is the correct adjusting entry?
- Q83A cheque for Rs. 600 deposited into the bank was incorrectly recorded as Rs. 6,000 in the cash book. What is the correct adjusting entry?
- Q84A payment of Rs. 800 was incorrectly recorded as Rs. 80 in the cash book. What is the correct adjusting entry?
- Q85A payment of Rs. 800 was incorrectly recorded as Rs. 8,000 in the cash book. What is the correct adjusting entry?