A bank reconciliation statement was prepared starting with the balance at bank shown on the bank statement.

Question:

A bank reconciliation statement was prepared starting with the balance at bank shown on the bank statement. Which item would be deducted?

A. Bank error resulting in the account being incorrectly debited
B. Cash book error resulting in the balance being overstated
C. Cheque not yet credited
D. Cheque not yet presented

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cambridge IGCSE And O Level Accounting Coursebook

ISBN: 9781316502778

2nd Edition

Authors: Catherine Coucom

See More Books

Question Posted: Sep 16, 2021 01:45 AM

See More Questions

B. Prepare a Bank Reconciliation Statement for XYZ company that has: Bank statement of $9,000. Cash account of $7,500. Additional information for the reconciliation: Deposit in transit. NSF Check....
The following bank reconciliation statement was drawn up on 30 April 2017 in the books of Pikinini Traders: Bank reconciliation statement on 30 April 2017 Amount (R) R2 600 Details Balance as per...
The following client- prepared bank reconciliation is being examined by Zachary Kallick, CPA, during the examination of the financial statements of Simmons Company. Required: Items (a) through (e)...
How do you organize a problem-solving persuasive message?
Take a stance on this statement: Walmarts success is based on true customer loyalty, and therefore Walmart is relatively invulnerable to competition.
How could this fraud have been prevented? Why is this a difficult fraud to prevent? May 13, 1988, a Friday incidentally, will be remembered by a major Chicago bank. Embezzlers nearly escaped with $69...
a. For the linear demand curve in Technical Problem 7, compute the price elasticity at each of the price points given in the following table. Make the elasticity calculations using the two...
On January 1, 2014, Wolf Creek Country Club purchased a new riding mower for $15,000. The mower is expected to have a 10-year life with a $1,000 salvage value . What journal entry would Wolf Creek...
! Required information [The following information applies to the questions displayed below.) Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On...
A consumer group claims that the mean annual consumption of high fructose corn syrup by a person in the United States is 48.8 pounds. A random sample of 120 people in the United States has a mean...
The bank column of a traders cash book showed a debit balance of $952. This did not agree with the balance on the bank statement on the same date. The following differences were found: $ Cheque not...
Which statement is correct about a bank reconciliation statement? A. It contains bank charges and standing orders. B. It is part of the double entry book-keeping records. C. It is prepared by the...
Find the minimum radius at which an airplane flying at 300 m/s can make a U-turn if the centripetal force on it is not to exceed 4 times the airplanes weight.
The requirement for extended disclosures for oil and gas reserves described in Chapter 2 followed a Congressional hearing on the poor disclosures that Shell Oil had for its reserves. A.Explain three...
Question 9 Big Data techniques implemented in the financial sector include: fraud detection O marketing email campaign O customer relationship management techniques O inventory analysis
Problem 8-19A Attaining notfonpmt entity variances The Redmond Management Association held its annual public relations luncheon in April Year 2. Based on the previous year's results, the organization...
Kay, who is not a real estate dealer, sold an apartment house to Polly during the current year (2020). The closing statement for the sale is as follows. Total selling price $190,000 Add: Polly's...
1 English Writing Requirement Assignment Guidelines Sem 1 2023-24 Subject code AAE1D02 Subject title Introduction to Space Exploration Credit value 3 CAR Teachers Prof. WEN Chih-Yung, Prof. WU Bo,...
When companies offer new debt security issues, they publicize the offerings in the financial press and on Internet sites. Assume the following were among the debt offerings reported in December 2021:...
Find the intercepts and then graph the line. (a) 2x - 3y = 6 (b) 10 - 5x = 2y
What is the length of life of the typical demand curve? Illustrate your answer.
If the general market demand for mens shoes is fairly elastic, how does the demand for mens dress shoes compare to it? How does the demand curve for womens shoes compare to the demand curve for mens...
If the demand for perfume is inelastic above and below the present price, should the price be raised? Why or why not?
Columbus Industries makes a product that sells for $37 a unit. The product has a $29 per unit variable cost and total fixed costs of $10,000. At budgeted sales of 1,950 units, the margin of safety...
18. Suppose that Maxima shares are selling for $10 per share and you own a call option to buy Maxima shares at $7.50. The intrinsic value of your option is:
ABC Insurance Company reported the following information on its accounting statements last year: What was ABC 's expense ratio last year

A bank reconciliation statement was prepared starting with the balance at bank shown on the bank statement.

Question:

Step by Step Answer:

option D is correct Cheque not yet presented justification All cheques sta...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

Students also viewed these Business questions