Accounting · Bank Reconciliation Statement
In preparing a Bank Reconciliation Statement, which item should be deducted from the balance as per Passbook to arrive at the balance as per Cash Book?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Cheques received and entered in Cash Book but not deposited in bank
- 2Cheques deposited into bank but not yet collected
- 3Interest directly debited by the bank
- 4Interest directly credited by the bank✓
Correct answer
Interest directly credited by the bank
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