If the overdraft as per the pass book is taken as the starting point, the cheques issued but not presented are to be______in the bank reconciliation statement.

added

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deducted

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no effect

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equated

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Solution

The correct option is A added
Cheques issued but not presented are recorded in the cash book first. They are recorded by the bank in the pass book only when such cheques are cleared by the bank. Thus, when we take overdraft balance as per pass book as the starting point to prepare bank reconciliation statement, cheques issued but not presented should be added to arrive at the balance as per cash book and reconcile the two balances.

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Similar questions

If the overdraft as per the passbook is taken as the starting point, the cheques issued but not presented are to be _____ in the bank reconciliation statement.

Q. When drawing up a bank reconciliation statement, if you start with a debit balance as per the pass book, the cheques issued but not presented for payments should be _________.

Q. From the following information, prepare Bank Reconciliation Statement as on 31st March, 2019:

		₹
(i)	Bank overdraft as per Pass Book.	36,000
(ii)	Cheques issued but not presented for payment.	19,700
(iii)	Cheques deposited with bank but not collected.	25,000
(iv)	Cheques entered in Cash Book but not banked.	9,000
(v)	Directly deposited to bank by a customer.	11,000

Q. While preparing a Bank Reconciliation Statement, if you start with a debit balance as per the cash book, then cheques issued but not presented within the period are _____________.

Q. If the pass book shows a favorable balance and if it is taken as the starting point for the purpose of bank reconciliation statement then cheques issued but not presented for payment should be ______to find out cash balance.

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