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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?
Verified Answer
Which of these types of errors are not detected during Bank Reconcilia...
Sometimes the difference between the two balances may be accounted for by an error of the bank or an error in the cash book of the business. This cause difference between the bank balance shown by the cash book and the balance shown by the bank statement. Omission or wrong recording of transactions relating to cheques issued, cheques deposited and wrong totaling, etc. committed by the firm while recording entries in the cash book cause difference between cash book and passbook balance. Cash deposited but not credited by the bank, casting mistakes in bank column of cash book and interest or commission charged by the bank but not accounted for in cash book are the types of errors which are detected, whereas cash embezzlement by the cashier is not detected during bank reconciliation.
Most Upvoted Answer
Which of these types of errors are not detected during Bank Reconcilia...
The errors that are not detected during Bank Reconciliation are:
1. Errors in recording transactions in the bank statement: Bank reconciliation only compares the bank statement with the company's records. If there are errors in recording transactions in the bank statement, such as duplicate entries or incorrect amounts, they will not be detected during bank reconciliation.
2. Errors in recording transactions in the company's books: Bank reconciliation compares the bank statement with the company's records to identify any discrepancies. However, if there are errors in recording transactions in the company's books, such as incorrect amounts or incorrect accounts, they may not be detected during bank reconciliation.
3. Errors in timing: Bank reconciliation compares the timing of transactions recorded in the bank statement with the company's records. However, if there are errors in timing, such as recording a transaction in the wrong period or recording a transaction on the wrong date, they may not be detected during bank reconciliation.
4. Errors in reconciliation process: Bank reconciliation is a process that involves comparing the bank statement with the company's records to identify any discrepancies. However, if there are errors in the reconciliation process itself, such as incorrect calculations or incorrect matching of transactions, they may not be detected during bank reconciliation.
1. Errors in recording transactions in the bank statement: Bank reconciliation only compares the bank statement with the company's records. If there are errors in recording transactions in the bank statement, such as duplicate entries or incorrect amounts, they will not be detected during bank reconciliation.
2. Errors in recording transactions in the company's books: Bank reconciliation compares the bank statement with the company's records to identify any discrepancies. However, if there are errors in recording transactions in the company's books, such as incorrect amounts or incorrect accounts, they may not be detected during bank reconciliation.
3. Errors in timing: Bank reconciliation compares the timing of transactions recorded in the bank statement with the company's records. However, if there are errors in timing, such as recording a transaction in the wrong period or recording a transaction on the wrong date, they may not be detected during bank reconciliation.
4. Errors in reconciliation process: Bank reconciliation is a process that involves comparing the bank statement with the company's records to identify any discrepancies. However, if there are errors in the reconciliation process itself, such as incorrect calculations or incorrect matching of transactions, they may not be detected during bank reconciliation.
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Which of these types of errors are not detected during Bank Reconcilia...
Cash embezzlement by cashier can not be detected during bank reconciliation.
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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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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? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
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? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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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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?, a detailed solution for 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? has been provided alongside types of 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? theory, EduRev gives you an
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