In bank reconciliation statement the amount of outstanding checks is added to ____ balance of cash book.
Correct answer A. Adjusted
Tip: press A, B, C or D to answer, and N for the next question.
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See allWhich of the following error results in unadjusted cash book balance?
Correct answer A. Outstanding checks
____ Checks that are presented to bank but not yet credited by the bank.
Correct answer B. Uncredited checks
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Favorable balance of bank statement implies that
Correct answer A. Credit balance
Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.
Correct answer A. $2000
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