Home › CBSE Class 11 (Commerce) › Accountancy › Bank Reconciliation Statement › Which difference is an error, not a time gap?
Which difference is an error, not a time gap?
ARs 5,000 cheque entered as Rs 500
BCheque issued, not presented
CCheque deposited, not collected
DInterest credited by bank
Answer & Solution
Correct answer: A. Rs 5,000 cheque entered as Rs 500
Writing Rs 500 for a Rs 5,000 cheque is a mistake in recording; the other items only await normal bank processing or intimation.
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