Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 1 - No. 9)
In a bank reconciliation statement, what is the purpose of adding outstanding deposits?
a) To increase the bank balance.
b) To decrease the bank balance.
c) To correct errors in the cash book.
d) To correct errors in the bank statement.
Explanation
Outstanding deposits increase the bank balance in the reconciliation.
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