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.
Marwick Innovations, Inc. produces exercise and fitness gear. Two of its newer products require a finishing process that can only be completed on machines that were recently purchased for this...
What is the magnetic potential energy stored in a cylindrical volume of height $b_{\text {cylin }}=50 \mathrm{~mm}$ and radius $R_{\text {cylin }}=24 \mathrm{~mm}$ that symmetrically surrounds an...
John and Joe Brower worked for a large construction company but set up their own company, Crest Ridge. They were awarded a subcontract on a job to provide wall panels. They wanted to use panels made...
Question 2 Abantu Ltd, a textile manufacturing company in Bungoma, recently introduced a compensation programme for its employees. As a human resource specialist, explain what prompted the firm to...
Determine the nodal displacements and the element stresses, including principal stresses, for the thin plate of Section 6.5 with a uniform shear load (instead of a tensile load) acting on the right...
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...
A segment of DNA has the following sequence: TTGGATGCTGG AACCTACGACC A. What would be the sequence immediately after reaction with nitrous acid? Let the letters H represent hypoxanthine and U...
Research and describe a wicked problem in healthcare of interest where the current approaches need to be revised to solve the problem. You will be asked briefly described the problem in a 2 page...
How do microorganisms adapt to extreme environmental conditions, such as high temperatures or acidic pH levels, and what molecular strategies do they employ to survive and thrive in these hostile...
How does the process of gastrulation transform the single-layered blastula into a multi-layered gastrula, and what are the key cellular movements involved?
How does the formation of the primitive streak mark the beginning of gastrulation in mammalian embryos?
Most home insurance policies cover jewellery and silverware for a limited amount unless items are covered with additional insurance via an umbrella plan. If $17,500 worth of jewellery and $3,750...
Account for the difference in the shape and color of the potential maps for ammonia and the ammonium ion in Section 1.12.
A fast-food restaurant averages 150 customers per hour. The average processing time per customer is 90 seconds. a. Determine how many cash registers the restaurant should have if it wishes to...
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?
How does Realism engage with questions of perception, subjectivity, and the construction of reality, prompting viewers to interrogate their own biases and preconceptions through encounters with...
Make up the competition in the vape pen industry. As well, as perform a situation analysis on the cannabis disposable pen industry. Provide the strengths and the weaknesses of the business. What are...
What role does context play in the interpretation and reception of Conceptual artworks, particularly in terms of how viewers engage with the conceptual frameworks and ideas presented by the artist ?

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