Bank reconciliation: a cheque of ₹2,000 deposited but not yet credited by the bank means the pass book balance is ___ the cash book balance
- double
- lower than
- equal to
- higher than
Show answer and solution
Correct answer: B. lower than
A deposit not yet credited means the bank hasn't recorded it
so the pass book (bank) balance is lower than the cash book balance by ₹2,000.