Banking · Bank Accounting
Which of the following is an example of an unreconciled entry that would typically be handled by the Back Office of a bank's Head Office?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A customer's cash deposit posted incorrectly to another customer's account at the branch.
- 2An Inter-Branch Adjustment Account (IBAA) debit entry in one branch that has not been matched by a corresponding credit entry in the other branch's books.✓
- 3A loan instalment receipt incorrectly categorized as fee income by the Front Office.
- 4A cheque dishonoured due to insufficient funds.
Correct answer
An Inter-Branch Adjustment Account (IBAA) debit entry in one branch that has not been matched by a corresponding credit entry in the other branch's books.
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