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Question
The proper treatment of outstanding cheques on a bank reconciliation when balance as per cash book is the starting point is __________ .
The proper treatment of outstanding cheques on a bank reconciliation when balance as per cash book is the starting point is __________ .
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Solution
The correct option is A Addition
In case of outstanding cheques the entry would have been entered in the cash book and so the cash book balance would be lower than the pass book balance.Therefore, while preparing a bank reconciliation statement when the cash book balance is the starting point, outstanding cheques should be added.
In case of outstanding cheques the entry would have been entered in the cash book and so the cash book balance would be lower than the pass book balance.
Therefore, while preparing a bank reconciliation statement when the cash book balance is the starting point, outstanding cheques should be added.
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