Which of the following would not affect bank

Solution

Bank reconciliation is a process that compares a company's financial records to its bank statement to ensure that the balances match. It involves matching the transactions recorded in the company's books, such as deposits, withdrawals, and payments, with those on the bank statement. Two broad terms cover up major challenges due to which differences may appear:

• Errors a bank or a business make
• Time difference in recording an entry like Cheques issued by the bank but not yet presented for payment, Cheques paid but not collected, direct debits made by bank, interests collected by bank, etc.