Question

While preparing bank reconciliation statement from the pass book
balance which of the following items will be subtracted?
a) Cheques deposited but not credited.
b) Cheque issued but not presented for payment.
c) Bank Charges d) Insurance Premium paid by the bank.

Answer 1

Answer:

Answer is option B

Explanation:

The law used here is

(Add - Expenses and Less - Income)

So Cheque issued but not presented for Payment is an income so it will be Subtracted