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Question 59 of 74 1 Points When check is not paid by the bank, it is called? A. Endorsed B. Honoured C. None of the above D. Dishonoured Reset Selection When a bank balance increases, it is debited in the and credited in the A. A) Bank statement, cash book B) Cash book, bank statement C) None of the above OB. A) Bank statement, cash book B) Cash book, bank statement C) None of the above C. A) Bank statement, cash book B) Cash book, bank statement C) None of the above D. All of the above Reset Selection a Any decrease in the bank balance is recorded on the and in the column of the bank statement. side of the cash book A. None of the above B. Debit, credit c. All of the above D. Credit, debit Reset Selection Save LUIS balance of bank account is known as a balance of Cash book and favourable balance. A. All of the above B. None of the above C. Debit, credit D. Debit, debit Reset Selection a i (hp 1 Points In the preparation of the bank reconciliation statement, what positive action should be taken if there are outstanding cheques? A. Deduct from the bank statement balance B. Add to cash book balance C. Add to bank statement balance D. Deduct from Cash book balance Reset Selection TE Question 64 74 1 Points What action to take if there are bank charges appearing on the bank statement? A. Add to bank balance B. Deduct from Cash book balance C. Deduct from bank balance D. Add to cash book balance Best Selection hp Question 65 of 74 1 Points What action to take if interest is credited as per bank statement? A. Add to bank balance B. Deduct from bank balance C. Add to cash book balance D. Deduct from cash book balance Reset Selection 1 Foints What action to take when a fee is charged for a returned cheque and appears on the bank statement? A. Deduct from bank balance B. Deduct from Cash book balance C. Add to bank balance D. Add to cash book balance Reset Selection BE Question 67 of 74 1 Points An overdraft is included in the statement of financial position as a current asset. True False Reset Selection Tevious Next Save Favourable balance in reconciliation statement means? A. Credit balance in the cash book B. Credit balance in bank statement C. Debit balance in the petty cash D. Debit balance in the cash book Reset Selection Next Save a