Cpt
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 November 2013
which of these types of errors are not detected during bank reconciliation statement
A)cash embezzlement by cashier
B)cash deposited but not credited by bank
C)casting mistakes in bank column of cash book
D)interest or commission charged by bank but not accounted in cash book
answer given [a]
but according to points under importance of bank reconciliation statement:"frauds,if any,can be detected"
then,how is the answer correct?
A)cash embezzlement by cashier
B)cash deposited but not credited by bank
C)casting mistakes in bank column of cash book
D)interest or commission charged by bank but not accounted in cash book
answer given [a]
but according to points under importance of bank reconciliation statement:"frauds,if any,can be detected"
then,how is the answer correct?
CA Vijeta Verma
(Expert)
01 November 2013
See,BRS is prepared to reconcile the differences of recordings in cash book & bank statements.If something is nowhere recorded ,how it can be detected without indepth investigations based upon certain facts & circumstances.BRS considers the past data & not what can be detected in future
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