The bank statement arrives and shows a balance of $2 468. The cash account balance is $3 128. In reconciling the bank statement, which of the following would require a deduction from the cash account balance?
A)Unpresented cheques totalling $ 357.00.
B)A dishonoured cheque in the amount of $150.
C)A deposit made on the day of the statement which does not appear on the statement in the amount of $319.
D)Interest received on the account of $35.

Question

Quizplus · Accepted Answer

A dishonoured cheque means that the cheque was not cleared by the bank, so the amount needs to be deducted from the cash account balance.

The Bank Statement Arrives and Shows a Balance of $2