O-LevelAccountingVerification of accounting records7707/12 · May/June 2025 · Q111 Mark
A trader was reconciling his bank statement with the updated balance of his cash book. There were unpresented cheques and uncredited deposits. The bank statement did not contain any errors. He started preparing his bank reconciliation statement with the credit balance on the bank statement. How did he arrive at his updated cash book balance?
Aby adding both unpresented cheques and uncredited deposits
Bby subtracting both unpresented cheques and uncredited deposits
Cby adding unpresented cheques and subtracting uncredited deposits
Dby subtracting unpresented cheques and adding uncredited deposits
✓ Correct answer
D: by subtracting unpresented cheques and adding uncredited deposits
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