## Question

###### When reconciling the ledger with the bank statement assuming a positive bank balance a returned dishonored...

when reconciling the ledger with the bank statement assuming a positive bank balance a returned dishonored Chequers should be

Q.024 When reconciling the ledger with the bank statement (assuming a positive bank balance) a returned (dishonoured) cheque should be: Select one: a. Added to the bank statement balance in the reconciliation b. Subtracted from the general ledger bank balance c. Subtracted from the bank statement balance d. Added to the general ledger bank balance

## Answers

Dishonored Cheques should be substracted from the general ledger bank balance.

Explanation:

Dishonoured chequesarechequesreceived from customer and banked but then returned unpaid (“dishonoured”). Dishonoured chequesshould not be recorded in theBankStatement because thebankonly credits their customer's account when they actually receive cash.

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