Which of the following statements is TRUE? True statements are: • Che
Right Answer is: B
True statements are:
• Cheques deposited but not collected will result increasing the balance of the cash book, when compared to passbook.
• Favourable bank balance as per the cash book will be less than the bank
Passbook balance when there are un presented cheque for payment.
• The credit balance of the account of the business in the books of the bank should be equal to the debit balance of the bank account as per the cash book.
• Cheques issued but not presented for payment will increase the balance as per the passbook.