Economics · Bank Reconciliation Statement
The payment made by an account holder by issuing a cheque is recorded: (i) In the passbook at the time of issue of the cheque. (ii) In the passbook at the time of presenting the cheque to the bank for payment. (iii) In the cash book at the time of issuing the cheque. Which of the above statements are correct?
- 1(ii) and (iii) only✓
- 2(i) and (ii) only
- 3(i), (ii), and (iii)
- 4(i) only
Correct answer
(ii) and (iii) only
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