The bank reconciliation statement is prepared by:

Bank

None of the above

Auditors

Customer's Accountant

--

NSF marked in cheque sent back by the bank indicates

A bank couldnt verify the identity

Not sufficient funds

Cheque has been forged

A cheque cannot be cashed because its illegal

--

Bank charges charged by the bank needs to be:

substracted from bank statement balance.

substracted from cash book balance

added in cash book balance

added in bank statement balance