Answered

After preparing the adjusted cash book, the reconciliation statement should be prepared, taking the following item/items into account:

A. Cheques deposited but not cleared
B. Cheques issued but not presented for payment
C. Errors in the pass book
D. All of the above



Answer :

GinnyAnswer

Final answer:

When preparing an adjusted cash book, include cheques deposited but not cleared, cheques issued but not presented for payment, and errors in the pass book in the reconciliation statement to ensure accuracy.


Explanation:

When preparing the adjusted cash book, the reconciliation statement should include:

  • Cheques deposited but not cleared: These are funds that have been added to the cash book balance but have not yet been processed by the bank.
  • Cheques issued but not presented for payment: These are funds that have been deducted from the cash book balance but have not been presented to the bank for payment.
  • Errors in the pass book: Discrepancies between the bank statement (pass book) and the cash book that need to be adjusted.

Preparing a reconciliation statement with these items ensures that the cash book and bank statement align accurately.


Learn more about Cash Book Reconciliation here:

https://brainly.com/question/30707325


Other Questions