- 1 Marks
FA – Nov 2012 – L1 – SA – Q8 – Bank Reconciliation
Identifying the cause of discrepancy between the cash book and the bank statement.
Question
Which of the following does NOT cause a discrepancy between cash book and bank statement balances?
A. Direct credit found in the bank statement
B. Credit sales posted to the debit side of the cash book (bank column)
C. COT and other finance costs credited in the bank statement
D. The company’s credit balance in the bank statement
E. Subscription paid by the bank on behalf of the company’s manager and debited in the bank statement
Find Related Questions by Tags, levels, etc.
- Tags: Bank Statement, Cash Book, Discrepancy, Reconciliation
- Level: Level 1
- Topic: Bank reconciliations
- Series: NOV 2012
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