CIA 594 2.42 Bank reconciliation

  • This topic has 2 replies, 2 voices, and was last updated 4 months, 1 week ago by RAVISANKAR NAYANAR.
  • Creator
    Topic
  • #234673

    This forum is restricted to members of the associated course(s).

    This forum is restricted to members of the associated course(s).

    RAVISANKAR NAYANAR
    Participant

    Question was;

    A good working paper for a bank reconciliation should include (either directly or through cross reference) all of the following except

    • A. A list of all deposits made during the period in question.
    • B. A list of outstanding checks.
    • C. A legend explaining all tick marks employed.
    • D. The cash balance per the general ledger as of the reconciliation date.

    Correct answer is A. Why was “D” not right?

Viewing 2 replies - 1 through 2 (of 2 total)
  • Author
    Replies
  • #234697

    This forum is restricted to members of the associated course(s).

    Brian Hock
    HOCK international

    Hello, Ravisankar Nayanar,

    The question is asking for what is NOT included in the bank reconciliation. Choice D is something that is shown on the bank reconciliation. Choices B, C and D are all part of the bank reconciliation.

    Does this help explain it for you – that it is asking what is NOT part of the bank reconciliation?

    Brian

    #234715

    This forum is restricted to members of the associated course(s).

    RAVISANKAR NAYANAR
    Participant

    Hi Brian,

    Yes, understood. “Except” questions are tricky 🙂

    Thanks

    Ravi

Viewing 2 replies - 1 through 2 (of 2 total)

This forum is restricted to members of the associated course(s).

  • You must be logged in to reply to this topic.