In reconciling a business' cash book with the bank statement, which of the following items could require a subsequent entry in the cash book?(1) Cheques presented after the date of the bank statement.(2) A cheque from a customer which was dishonoured.(3) An error by the bank.(4) Bank charges. (5) Deposits credited after the date of the bank statement.(6) Standing order payment entered in the bank statement.

In reconciling a business' cash book with the bank statement, which of the following items could require a subsequent entry in the cash book?(1) Cheques presented after the date of the bank statement.(2) A cheque from a customer which was dishonoured.(3) An error by the bank.(4) Bank charges. (5) Deposits credited after the date of the bank statement.(6) Standing order payment entered in the bank statement.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

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In reconciling a business' cash book
with the bank statement, which of the
following items could require a
subsequent entry in the cash book?(1)
Cheques presented after the date of
the bank statement.(2) A cheque from
a customer which was dishonoured.(3)
An error by the bank.(4) Bank charges.
(5) Deposits credited after the date of
the bank statement.(6) Standing order
payment entered in the bank
statement.
(2), (3), (4) and (6) only
(1), (2), (5) and (6) only
(2), (4) and (6) only
(1), (3) and (5) only

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