Accounting · Bank Reconciliation Statement
When a firm receives a bank statement showing a balance that is higher than the balance in its own cash book, which of the following could be the reason?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The company made an error by recording a 500 unit payment as 5,000 units in the cash book.
- 2A check deposited in the bank was dishonored.
- 3A check issued to a supplier was not presented for payment.✓
- 4Bank charges were deducted by the bank but not recorded in the cash book.
Correct answer
A check issued to a supplier was not presented for payment.
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