Home › CBSE Class 11 (Commerce) › Accountancy › Bank Reconciliation Statement › Clearing delays are most common for which kind o…
Clearing delays are most common for which kind of cheque?
ASame-branch cheques
BCounter cash payments
CDrafts issued by the firm
DOutstation cheques
Answer & Solution
Correct answer: D. Outstation cheques
Cheques drawn on distant branches take several days to clear, so the bank credits them late.
Related questions
Wrong totalling in the bank's records of deposits is which type of difference?Why do unpresented cheques create a difference?Insurance premium paid by bank on standing order: passbook versus cash book?Unpresented cheques make a favourable cash book balance what versus the passbook?Cash book Rs 48,000, passbook Rs 51,500; only unpresented cheques differ. Their total?Payment side was undercast by Rs 100; balance shown Rs 10,000. Correct balance?A debit balance of Rs 1,500 was carried forward as credit. The balance is wrong by?Cash book shows Rs 20,000, but a Rs 5,000 issued cheque was entered twice. Correct balance