Hello everyone can you help me in answer these question
I answer it but i want to check it
In which section would you find outstanding checks?
ans Bank balance /less
If the balance per bank 100 Deposit in transit 546 unpresented checks 79 Adjust balance per Bank is ...
576
700
567
Check deposited by mistake in Bank account should be :
Added to bank statement
Deduct from the cash book
Add to cash book
Deducted from bank statement
In bank reconciliation Deposit in Transit should be ...
Deduct from cash book
Added to cash book
Deduct from bank statement
Added to bank statement
In the bank reconciliation statement INTEREST EARNED should be:
Deduct from cash book
Added to cash book
Deduct from bank statement
Added to bank statement