Accounting · Bank Reconciliation Statement
In preparing a bank reconciliation statement, which of the following should be deducted from the balance as per the passbook to arrive at the balance as per the cash book?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Interest directly credited by the bank✓
- 2Interest directly debited by the bank
- 3Amount of the cheques deposited but not collected
- 4Cheques received and entered in the cash book but not deposited
Correct answer
Interest directly credited by the bank
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