In a bank reconciliation statement, if we start with the overdraft balance as per the pass book, cheques deposited but not credited will be: MCQ with Answer and Explanation
In a bank reconciliation statement, if we start with the overdraft balance as per the pass book, cheques deposited but not credited will be:
A. Added
B. Doubled
C. Ignored
D. Deducted
Answer: Option D
Solution (By JKSSB Mock Tests)
Cheques deposited but not credited increase the cash book balance but not the pass book balance. To reconcile from pass book overdraft, they must be deducted to increase the overdraft amount.
In a bank reconciliation statement, if we start with the overdraft balance as per the pass book, cheques deposited but not credited will be added.
As we have already added the amount to the cash book reducing its overdraft assuming that it will be credited into the bank now we need to match with cash book balance which can be possible only by adding it reducing overdraft
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Explanation:
Direct taxes (like Income Tax) are levied on income and wealth. They are progressive in nature, meaning the tax rate increases with higher income, not regressive. S1 is correct, S2 is incorrect.
John
04 Aug 2026, 05:45 AMIn a bank reconciliation statement, if we start with the overdraft balance as per the pass book, cheques deposited but not credited will be added.
As we have already added the amount to the cash book reducing its overdraft assuming that it will be credited into the bank now we need to match with cash book balance which can be possible only by adding it reducing overdraft