On a bank reconciliation, an unrecorded debit memorandum for printing checks is: Select one: a. Noted as a memorandum only. b. Added to the book balance of cash. c. Deducted from the book balance of cash. d. Added to the bank balance of cash. e. Deducted from the bank balance of cash.

Question

Business

Braylon

12 August, 23:15

On a bank reconciliation, an unrecorded debit memorandum for printing checks is: Select one: a. Noted as a memorandum only. b. Added to the book balance of cash. c. Deducted from the book balance of cash. d. Added to the bank balance of cash. e. Deducted from the bank balance of cash.

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Answers (1)

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Zaiden Sherman · Answer 1

c. Deducted from the book balance of cash

Explanation:

A debit memorandum for printing check is the amount paid by the company for the printing of checks. This is a deduction from the bank balance in the bank statement.

Hence on the bank reconciliation, in other to capture transactions already captured in the bank statement but unrecorded in the books such as an unrecorded debit memorandum for printing checks, deducted from the book balance of cash.