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BRS Starting with Pass Book Balance

If the overdr...

Question

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.

A

Subtracted

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B

Ignored

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C

Added

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D

None of these

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Solution

The correct option is A
Subtracted

The cheques issued but not presented is added to overdraft balance of passbook.

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