WAEC Accounting 2021 Objective — Question 49

Question 49 of 50 from the West African Examinations Council (WAEC) Accounting 2021 Objective paper, with the correct answer and a full explanation.

A transaction that would cause the cash book balance to be less than the bank statement balance is

A. direct debit
B. standing order
C. bank charges
D. unpresented chequesCorrect

Explanation

An unpresented cheque is one paid to a customer, deducted from the cash book, but not yet presented to the bank for payment, causing the cash book balance to be less than the bank statement balance.

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