Question 6
Banking and Bank ReconciliationWhich of the following may have been recorded in the Cash Book and fail to appear in the Bank Statement?
- A.Bank charges and commission
- B.Cheques issued, presented and cashed
- C.Bank lodgements
- D.payments made by the bank on a standing order
- E.Opening bank overdraft.
Show the answer and explanation
Answer: C (Bank lodgements)
Explanation
Money paid in late (uncredited lodgements) is already in the cash book but the bank has not yet entered it.