O-LevelAccountingVerification of accounting records7707/12 · May/June 2024 · Q101 Mark
What would result in the cash book balance being lower than the bank statement balance?
Acheque received from a customer was not recorded in the bank statement.
Bcustomer's cheque dishonoured by the bank appeared only on the bank statement.
CPayment by a customer directly into the bank was not recorded in the cash book.
DPayment of insurance by standing order was not recorded in the cash book.
✓ Correct answer
C: Payment by a customer directly into the bank was not recorded in the cash book.
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