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WAEC Financial Accounting 2015 Question 16

Question 16

Banking and Bank Reconciliation

Unpresented cheques are cheques

  1. A.that have been recorded in the cash book, but not by the bank.
  2. B.that have been received by the bank, but not recorded in the cash book.
  3. C.returned by the bank.
  4. D.written, but not handed over to customers.
Show the answer and explanation

Answer: A (that have been recorded in the cash book, but not by the bank.)

Explanation

Cheques issued and entered in the cash book but not yet presented to the bank are unpresented cheques.