CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

When the balance as per pass book is the starting point, uncollected cheques are ________.

A
added in the bank reconciliation statement
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
subtracted in the bank reconciliation statement
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
not required to be adjusted in the bank reconciliation statement
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
neither of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A added in the bank reconciliation statement
In case of uncollected cheques the entry for the same is already made in the cash book due to which the cash book balance becomes higher.
So, when the balance as per pass book is the starting point, uncollected cheques by bank are added in the bank reconciliation statement.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Balance of Payments
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon