Day: October 12, 2026

Which ONE of the following procedures should be undertaken to confirm the existence of cash at the bank?

Select ONE answer:

1. Obtaining direct confirmation of the bank balance from the client’s bank
2. Inspecting the bank reconciliation statement prepared by the client
3. Agreeing the figures on the bank reconciliation to the bank column in the cash book
4. Reperforming the additions on the bank reconciliation

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 1

1. Correct – Obtaining direct confirmation of the bank balance from the client’s bank will confirm the existence of the cash at bank with a third party (i.e., the bank).
2. Not correct
3. Not correct
4. Not correct

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