When the balance as per cash book is the starting point, direct deposits by customers are:

Added

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Subtracted

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Not required to be adjusted

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None of the above

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Solution

The correct option is A
Added

Direct deposits by customers are always added in cash book because such transactions do not appear in cash book but they are present in the bank statement.

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Similar questions

Q. When the balance as per cash book is the starting point, direct deposits by customers are ________.

Q. When debit balance as per cash book is the starting point, direct deposits by customers are __________ .

When the balance as per Cash Book is the starting point, direct deposit by customer is_______________.

Q. Bank collected dividend of Rs.

25, 000

on behalf of customer which was not recorded in cash book.
In respect of the above given transaction which of the following treatment is correct for preparation of bank reconciliation statement?
(I) If BRS is prepared without adjusting cash book and the balance as per cash book is starting point then Rs.

25, 000

will be subtracted.
(II) If BRS is prepared with adjusted cash book then Rs.

25, 000

will be debited to the adjusted cash book.
(III) If BRS is prepared without adjusting cash book and the balance as per cash book is starting point then Rs.

25, 000

will be added.
(IV) If BRS is prepared with adjusted cash book the Rs.

25, 000

will be credited to the adjusted cash book.

In Bank Reconciliation Statement, when balance as per cash book is taken as the starting point, direct deposit by a customer into his bank 18,000 will be :

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When the balance as per cash book is the starting point, direct deposits by customers are:

The correct option is A Added Direct deposits by customers are always added in cash book because such transactions do not appear in cash book but they are present in the bank statement.

The correct option is A
Added

Direct deposits by customers are always added in cash book because such transactions do not appear in cash book but they are present in the bank statement.