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WAEC Financial Accounting 2019 Question 33

Question 33

Banking and Bank Reconciliation

Uncredited cheques refer to cheques not yet credited

  1. A.in the cash book.
  2. B.by the bank.
  3. C.by the drawer.
  4. D.in the ledger.
Show the answer and explanation

Answer: B (by the bank.)

Explanation

They have been paid in and entered in the cash book but not yet credited by the bank.