Babasiga Lions Ltd. receives a cheque for $1000 records it in cash book and deposits it on the same day. A statement sent by the bank that day does not show this $1000. How is this shown on the bank reconciliation statement?A.As an uncredited deposits deducted from the bank statement balanceB.As an Unpresented check added to the bank statement balanceC.As an Unpresented check deducted from the bank statement balanceD.As an uncredited deposits added to the bank statement balance

Lets understand the basics. Bank reconciliation is as name suggest reconcile the balance as per bank…

Answered: Babasiga Lions Ltd. receives a cheque…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 3E

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Babasiga Lions Ltd. receives a cheque for $1000 records it in cash book and deposits it on the same day. A statement sent by the bank that day does not show this $1000. How is this shown on the bank reconciliation statement?

As an uncredited deposits deducted from the bank statement balance

As an Unpresented check added to the bank statement balance

As an Unpresented check deducted from the bank statement balance

As an uncredited deposits added to the bank statement balance

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