Question 2
Banking and Bank ReconciliationWhich of the following is not a cause for the difference between bank statement balance and cash book balance?
- A.Bank charges
- B.Presented cheques
- C.Direct transfer
- D.Standing order
- E.Uncredited lodgements
Show the answer and explanation
Answer: B (Presented cheques)
Explanation
A cheque that has already been presented appears in both the cash book and the bank statement, so it causes no difference.