A bank reconciliation statement starts with the balance in the cash book. It includes uncredited deposits and unpresented cheques. It also includes a bank error because bank charges have been deducted twice on the bank statement. How are these items shown in the bank reconciliation statement? added subtracted A uncredited deposits unpresented cheques bank error B uncredited deposits bank error unpresented cheques C unpresented cheques uncredited deposits bank error D unpresented cheques bank error uncredited deposits
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
✓ Correct answer
C: unpresented cheques uncredited deposits bank error
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Verification of accounting records and see which topics are most likely to come up next.
Sign up free →