BUISENESS MANAGEMENT
RECORD KEEPING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a step in reconciling a bank statement?
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Matching all checks listed in the bank statement to the check register
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Matching each of the deposits in the records to those noted on the bank statement
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Going through the miscellaneous accoun debits and credits listed on the bank statement
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Calling a banker to discuss deposits and withdrawals
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Explanation:
Detailed explanation-1: -All the payments made by the customers or vendors in cash form will not be included in bank reconciliation statement.
Detailed explanation-2: -Cash column of the cashbook does not affect passbook in anyway, therefore errors in cash column of cashbook are not a part of bank reconciliation process.
There is 1 question to complete.