In preparing a company's bank reconciliation statement at march 2014, the following items are causing...
FINANCIAL
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In preparing a company's bank reconciliation statement at march 2014, the following items are causing the difference between the cash book balance and the bank statement balance: (1) Bank charges ?380 (2) Error by bank ?1,000 (cheque incorrectly debited to the account) (3) Lodgments not credited ?4,580 (4) Outstanding cheques ?l,475 (5) Direct debit ?350 (6) Cheque paid by the company and dishonored ?400. Which of these items will require an entry in the cash book?
- A) 2, 4 and 6
- B) 1, 5 and 6
- C) 3, 4 and 5
- D) 1, 2 and 3
Correct Answer: B) 1, 5 and 6
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