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      Question

      Which of the following factors does NOT result in the

      need for bank reconciliation statement?
      A Direct debits made by the bank on behalf of the customer Correct Answer Incorrect Answer
      B Honouring of bills discounted Correct Answer Incorrect Answer
      C Interest and dividends collected by the bank Correct Answer Incorrect Answer
      D Cheques paid into the bank but not yet collected Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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