passwella.
Menu

WAEC Financial Accounting 1995 Question 21

Question 21

Banking and Bank Reconciliation

Which of the following is not a cause of discrepancy between cash book and bank statement balances?

  1. A.Deposits in transit
  2. B.Standing order
  3. C.Paid cheques
  4. D.Dishonoured cheques
  5. E.Uncredited cheques.
Show the answer and explanation

Answer: C (Paid cheques)

Explanation

Cheques already presented and paid appear in both records, so they cause no difference.