Question

While preparing a Bank Reconciliation Statement, which of the following is most likely to cause a difference between the balance as per the cash book and the balance as per the bank statement?

A Cheques recorded in the cash book but not yet presented for payment
B Miscalculation of accrued interest on borrowings
C Fluctuation in foreign currency exchange rates
D Incorrect depreciation charge in the books of accounts
Practice Next

Hey! Ask a query