Day: April 16, 2024

When performing a reconciliation between the bank statement and the cash book, which TWO of the following would require an entry in the cash book?

A  Deposits credited after date

B  Direct debit on bank statement only

C  Bank charges

D  Bank error

E  Cheque presented after date

Select ONE answer:

1. A & B
2. B & C
3. C & D
4. D & E

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Notcorrect
2. Correct  –  Cash book: direct debit on bank statement only (B), bank charges (C) ==> Deposits credited after date (A), bank error (D) and cheque presented after date (E) would appear on the bank reconciliation.
3. Not correct
4. Not correct

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