On receipt of bank statements, a company has identified that bank has collected interest OMR 100, but was not recorded in the cash book. How do you treat this item while preparing bank reconciliation statement? a. Add to the cash book balance b. Deduct from the bank statement balance c. Add to the bank statement balance d. Deduct from the cash book balance
On receipt of bank statements, a company has identified that bank has collected interest OMR 100, but was not recorded in the cash book. How do you treat this item while preparing bank reconciliation statement? a. Add to the cash book balance b. Deduct from the bank statement balance c. Add to the bank statement balance d. Deduct from the cash book balance
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 26GI
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28. On receipt of bank statements, a company has identified that bank has collected interest OMR 100, but was not recorded in the cash book . How do you treat this item while preparing bank reconciliation statement ?
a.
Add to the cash book balance
b.
Deduct from the bank statement balance
c.
Add to the bank statement balance
d.
Deduct from the cash book balance
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