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hardMCQCUET Accountancy 2022 8 Aug Shift 22026Accountancy
1 mark

Which one of the following items will be added in debit balance of cash book in the preparation of bank reconciliation statement?

  1. A
    Cheques sent to the bank for collection but not yet collected.
  2. B
    Cheques entered into the cash book but not sent to the bank for collection.
  3. C
    Cheques sent to the bank for collection but not entered in the cash book.
  4. D
    None of the above

Solution & Step-by-step Explanation

When starting with the debit balance (favourable balance) of the cash book, cheques sent for collection but omitted to be entered in the cash book will be added, as the passbook balance has increased but the cashbook was not adjusted.

Practice this question

Try it yourself before checking the explanation above.

Which one of the following items will be added in debit balance of cash book in the preparation of bank reconciliation statement?
A
Cheques sent to the bank for collection but not yet collected.
B
Cheques entered into the cash book but not sent to the bank for collection.
C
Cheques sent to the bank for collection but not entered in the cash book.
D
None of the above

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