An unpresented cheque in a bank reconciliation should be:
AAdded to the bank statement balance
BDeducted from the bank statement balance to reach cash-book balanceCORRECT
CIgnored
DReversed in the cash book
CIBNFinancial Accounting
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Toaster Teacher
Why the answer is B, and why the others tempt you.
Bank-side: bank balance − unpresented cheques + uncredited lodgements = cash-book balance.
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