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WAEC Financial Accounting 2021 Question 49

Question 49

Banking and Bank Reconciliation

A transaction that would cause the cash book balance to be less than the bank statement balance is

  1. A.direct debit.
  2. B.standing order.
  3. C.bank charges.
  4. D.unpresented cheques.
Show the answer and explanation

Answer: D (unpresented cheques.)

Explanation

Unpresented cheques are already deducted in the cash book but not yet by the bank, so the bank shows more.