Bank reconciliations

A timing difference dealt with in bank reconciliations is

• Unpresented cheque

• Bank interest

• Bank charges

• Dishonoured cheque

Another timing difference dealt with in bank reconciliations is ...

• a dishonoured cheque

• Bank interest

• Bank charges

• amounts not yet credited

The source document for a standing order is ...

• the cash book

• the bank statement

An unpresented cheque is ...

• a cheque which has not been sent

• a cheque which is not on the bank statement

• a cheque which is not in the cash book

• a cheque which has not been written

Amounts not yet credited are ...

• amounts in the cash book

• amounts still to be paid by customers

• amounts not yet on the bank statement

• none of the above

Bank charges are recorded on the credit side of the cash book?

• True

• False

Interest credited by the bank is recorded on the debit side of the cash book?

• True

• False

Direct debit payments are recorded in the debit side of the cash book.

• True

• False

Dishonoured cheques from customers are credited in the cash book?

• True

• False

Bank transfers from customers are credited in the cash book.

• True

• False