In bank reconciliation statement the account of outstanding cheques is added to ____ book balance of cash.

Adjusted

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Unadjusted

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Understand

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Overstated

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Adjusted
Outstanding cheques are those cheques which have been issued for payment by the business to its suppliers or creditors but have not yet been presented for payment. This means they have been received in the cash book by crediting the cash book. So, in bank reconciliation statement, the account of outstanding cheques is added to adjusted book balance of cash.

Suggest Corrections

Similar questions

Q. In bank reconciliation statement the account of outstanding cheques is added to _____________ balance of cash.

Q. The proper treatment of outstanding cheques on a bank reconciliation when balance as per cash book is the starting point is __________ .

Q. On 31st March, 2018, Cash Book showed a balance of ₹ 15,000 as cash at bank, but the Bank Pass Book of the same date showed that cheques for ₹ 1,850, ₹ 1,000 and ₹ 1,750 respectively had not been presented for payment; also cheques amounting to ₹ 4,100 paid into the account had not yet been cleared.
Find by means of a Bank Reconciliation Statement the balance shown in the Pass Book.

On March 31, 2010, the cash book showed a balance of Rs. 3,700 as cash at bank, but the bank pass book made up to the same date showed that cheques for Rs. 700, Rs. 300 and Rs. 180 respectively had not presented had not presented for payment. Also, cheques amounting to Rs. 1,200 deposited into the account has not been credited. Prepare a bank reconciliation statement.

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 _____________.

Join BYJU'S Learning Program