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 Which of these types of errors are not detected during Bank Reconciliation’ :
  • a)
    Cash embezzlement by cashier 
  • b)
    Cheques deposited but not credited by bank 
  • c)
    Casting mistakes in bank column of cash book
  • d)
    Interest or commission charged by the bank not accounted in cash book 
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of these types of errors are not detected during Bank Reconcilia...
Errors in journal entries or errors in the company's accounting records are not detected during bank reconciliation. Bank reconciliation only compares the bank statement with the company's cash account balance and identifies discrepancies between the two. It does not check the accuracy of individual transactions recorded in the company's accounting system.
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Community Answer
Which of these types of errors are not detected during Bank Reconcilia...
Brs identifies the errors of bank column of cash book and bank statement. Whereas, cash embezzlement is an error made in cash column of cash book. Hence, it cannot be detected in brs. ANS: (a) cash embezzlement by cashier
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Which of these types of errors are not detected during Bank Reconciliation’ :a)Cash embezzlement by cashierb)Cheques deposited but not credited by bankc)Casting mistakes in bank column of cash bookd)Interest or commission charged by the bank not accounted in cash bookCorrect answer is option 'A'. Can you explain this answer?
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