11. Tine withdrew from his current bank account the sum of P120,000 and exchanged it for the bank’s certified check in payment of obligation. In the preparation of the bank reconciliation of Tine, the outstanding certified check of P120,000 should be: A. included among the outstanding checks B. included among the deposits in transit C. ignored D. answer not given

11. Tine withdrew from his current bank account the sum of P120,000 and exchanged it for the bank’s certified check in payment of obligation. In the preparation of the bank reconciliation of Tine, the outstanding certified check of P120,000 should be: A. included among the outstanding checks B. included among the deposits in transit C. ignored D. answer not given

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 15MC: Which of the following items are found on a book side of the bank reconciliation? A. beginning bank...

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Which of the following items are found on a book side of the bank reconciliation? A. beginning bank balance B. outstanding checks C. interest income D. error made by bank
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