When starting with the cash book balance in preparing the bank reconciliation statement, the followings...
FINANCIAL
JAMB 2017
When starting with the cash book balance in preparing the bank reconciliation statement, the followings are added
- A. Unpresented cheque
- B. Dividend
- C. Uncredited cheque
- D. credit transfer
Correct Answer: C. Uncredited cheque
Explanation
Uncredited cheque have to be less when starting with balance as per cashbook not add because the cheque are yet to be credited by the bank
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