Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

Felix withdrew $\$200$ from his business bank account to increase his petty cash float. When he entered this in his cash book, he swapped the debit and credit postings. Even so, the bank balance shown in his cash book matched the balance on his bank statement on that same date. How could this happen?

  • AThere was an uncredited deposit of $\$200$.
  • BThere was an uncredited deposit of $\$400$.
  • CThere was an unpresented cheque for $\$200$.
  • DThere was an unpresented cheque for $\$400$.

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