9. 10. 11. 12. The cheque has not been proposed to the bank. This situation is likely when A the company receives the cheques from its customer during the month and deposits the cheque into the bank but it is still not credited by the bank B the cheque is credited in the bank account in the company's book C an error occurred while recording the transaction in the bank account in the company's book D the customer pays the company by cheque, but the customer did not erisure that the amount is available for the transaction An error in the cash book could occur if A the company receives the cheque from its customer during the month and the cheque is deposited into the bank but is still not credited by the bank B the cheque has been recorded as a credit in the bank account by the company C a mistake occurred while recording the transaction in the bank account by the company D the customer pays the company by cheque. It is very important for the customer to ensure the amount is available in their account for the transaction All of these transactions are recorded in the bank statement, but ommitted in the bank account in the company s books except A bank service charges B credit transfer C fixed instructions D cheque not proposed to the bank Bank service charge is A the bank's charges or commission charged by the bank for managing a company s account B the amount paid directly by the company Customer into the company's account in the bank C the instruction the company gives to the bank m order to make payments on behalf of the company from time to time D a cheque the customer pays the company Credit transfer is A the bank's charges or commission charged by the bank for managing a company's account B the amount paic directly by the company customer into the company's account in the bank the instruction the company gives to the bank in order to make payments on behalf of the company from time to time Da cheque the customer pays the company The balance in the bank statement and cash book are different. You are required to prepare a bank reconciliation to prepare the bank reconciliation you need to ensure A all the transactions were recorded correctly B the similar balances are aligned between the bank statement and cash book during that month C there are no missing transactions Dall of the above Which of the following statements is correct? A Transactions that are recorded by the bank the bank statement and recorded in the company's cash book are required to prepare a bank reconciliation B Bank statements are provided by the bank for customers to collect debts C A bank statement is not a copy of the current account for the bank's customer D The purpose of a bank reconciliation is to discover payments made and items received by the bank which are not entered into the cash book 13. 14. 15