Babasiga Lions Ltd. receives a cheque for $1000 records it in cash book and deposits it on the same day. A statement sent by the bank that day does not show this $1000. How is this shown on the bank reconciliation statement? A. As an uncredited deposits deducted from the bank statement balance B. As an Unpresented check added to the bank statement balance C. As an Unpresented check deducted from the bank statement balance D. As an uncredited deposits added to the bank statement balance
Babasiga Lions Ltd. receives a cheque for $1000 records it in cash book and deposits it on the same day. A statement sent by the bank that day does not show this $1000. How is this shown on the bank reconciliation statement? A. As an uncredited deposits deducted from the bank statement balance B. As an Unpresented check added to the bank statement balance C. As an Unpresented check deducted from the bank statement balance D. As an uncredited deposits added to the bank statement balance
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 3E
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Babasiga Lions Ltd. receives a cheque for $1000 records it in
A.
As an uncredited deposits deducted from the bank statement balance
B.
As an Unpresented check added to the bank statement balance
C.
As an Unpresented check deducted from the bank statement balance
D.
As an uncredited deposits added to the bank statement balance
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