1) A cheque issued by John Ltd for $690 was incorrectly journalised by the company for $960. The appropriate treatment on the bank reconciliation for John Ltd would be to

Select one:

a. add $270 to Balance as per bank

b. add $270 to Balance as per cash book

c. deduct $270 from Balance as per cash book

d. deduct $270 from Balance as per bank

2) In a bank reconciliation, when the bank statement shows a credit balance, which of the following will be added to the balance as per bank statement?

Select one:

a.

Bank service charge

b.

Outstanding deposits

c.

Unpresented cheques

d.

Interest charge