Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 8 - No. 24)
In a bank reconciliation statement, what happens to unpresented cheques?
a) They are added to the cash book balance.
b) They are subtracted from the bank statement balance.
c) They are added to the bank statement balance.
d) They are subtracted from the cash book balance.
Explanation
Unpresented cheques are subtracted from the bank statement balance.
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