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WAEC Financial Accounting 2010 Question 13

Question 13

Banking and Bank Reconciliation

In the preparation of bank reconciliation statement uncredited cheques are

  1. A.added to the balance as per bank statement
  2. B.deducted from the balance as per bank statement
  3. C.added to the balance as per cash book
  4. D.ignored totally
Show the answer and explanation

Answer: A (added to the balance as per bank statement)

Explanation

The bank has not yet credited these lodgements, so they are added to the bank statement balance.