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WAEC Financial Accounting 1992 Question 18

Question 18

Banking and Bank Reconciliation

Which of the following will not affect the agreement of the cash book balance and bank statement balance?

  1. A.Bank charges
  2. B.Standing order
  3. C.Dishonoured cheques
  4. D.Cash payment
  5. E.Unpresented cheques.
Show the answer and explanation

Answer: D (Cash payment)

Explanation

A payment in cash does not pass through the bank, so it causes no difference between the cash book bank column and the statement.