Accounting: Causes of Differences in Cash Book and Bank Statement
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Questions and Answers

What is the term for cheques issued by the entity but yet to be presented to the bankers or presented to the bankers but yet to clear?

  • Unpresented cheques (correct)
  • Uncredited cheques
  • Bank errors
  • Wrong debits
  • What is the result of errors by the bank that increases an entity's balance?

  • Uncredited cheques
  • Unpresented cheques
  • Wrong credits (correct)
  • Wrong debits
  • What is the term for cheques received and deposited by the entity but yet to be credited by the bank?

  • Wrong debits
  • Uncredited cheques (correct)
  • Bank errors
  • Unpresented cheques
  • What is the result of errors by the bank that decreases an entity's balance?

    <p>Wrong debits</p> Signup and view all the answers

    What type of differences are unpresented cheques, uncredited cheques, bank errors, wrong credits, and wrong debits?

    <p>Timing differences</p> Signup and view all the answers

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