Answered

Discover a wealth of knowledge and get your questions answered at IDNLearn.com. Get step-by-step guidance for all your technical questions from our knowledgeable community members.

Which of these types of errors are not detected during Bank Reconciliation?

A. Cash embezzlement by cashier
B. Cheques deposited but not credited by the bank
C. Casting mistakes in both columns of the cash book
D. Interest or commission charged by the bank not accounted in the cash book

Sagot :

GinnyAnsweridn

Final answer:

Bank reconciliation errors include undetected issues like uncredited cheques, casting mistakes, and unaccounted bank charges.


Explanation:

Errors that are not detected during bank reconciliation include:

  • Cheques deposited but not credited by the bank: This error occurs when funds are deposited but not recorded by the bank.
  • Casting mistakes in the cash book: This error involves errors in totaling amounts in the cash book.
  • Interest or commission charged by the bank not accounted in the cash book: When fees charged by the bank are not noted in the cash book.

Learn more about Bank Reconciliation Errors here:

https://brainly.com/question/28436421


We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Thank you for trusting IDNLearn.com. We’re dedicated to providing accurate answers, so visit us again for more solutions.