DU Business Studies Unit (Ga Unit) Practice Questions - University Of Dhaka Business Studies Unit Admission Test (DU Ga C Unit) Exam

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In a bank reconciliation statement prepared by a business starting from the balance per bank statement, how should outstanding cheques (cheques issued to suppliers but not yet presented to the bank for payment) be treated?

Added to the balance as per bank statement Deducted from the balance as per bank statement Added to the cash book balance Ignored until the next financial year

Correct Answer:

Deducted from the balance as per bank statement

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