Outstanding cheques are added to the ending bank balance on the bank statement when preparing the bank reconciliation.

Name: Outstanding cheques are added to the ending bank balance on the bank statement when preparing the bank reconciliation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Outstanding cheques are not added to the ending bank balance on the bank statement because they have not yet been processed by the bank. They are subtracted from the balance to arrive at the adjusted bank balance.

Outstanding Cheques Are Added to the Ending Bank Balance on the Bank