Bank Reconciliations….:((((

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This topic contains 4 replies, has 3 voices, and was last updated by Avatar of johnmoffat John Moffat 3 years, 11 months ago. This post has been viewed 37 times

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    shimmer
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    This topic was very interesting to me until I started doing the complicated examples…

    Can somebody be geneous enough to explain the adjustments? I am talking about pg 258 in BPP INT F3 book in particular…

    However, if you could explain me the general rules, that would also do…Please help me guys….:((


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    mh_bhopal
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    WELL WILE I WAS STUDYING F3 THIS SEEMES TO BE ONE OF THE MOST F TOPIC WHEN I GOT INTO COMPLICATED QUESTIONS GIVEN BY MY COLLEGE HERE BUT ITS NOT THAT DIFICULT IF UU HAVE LEARENT SOME RULES BTW I DNT REMEMBER THEM BY HEART BUT IF U CAN MANAGE TO WRITE A QUESTION HERE THEN I CAN MANAGE TO HELP U BY SOLVING IT IN DETAIL AND YEAH I MIGHT THEN GET RECALLED THE RULES AS I GAVE F3 LONGTIME AGO ITS ALL THE GAME OF DEBIT CREDIT IF U DONT UNDERSTAND THE ADD OR LESS TERM SIMPLE ! YEAH IF NOT THE QUESTION U JUST WRITE THE ADJUSTMENTS YOU ARE REQUIRED TO DO I SHALL TELL U THE LOAGIC THAT Y ITA DEBIT OR CREDIT UNLESS I FORGET HEHE! E.G


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    shimmer
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    Thanks for your prompt reply.. I actually tried re-doing that question and understood everything AlHamdulillah…

    However, there’s a small doubt that I got in another qn..Is outstanding lodgement and outstanding cheques the same thing?


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    shimmer
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    or is o/s lodgement= unpresented cheques?


    Avatar of johnmoffat
    John Moffat
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    Outstanding lodgement is where you have paid money into the bank but it has not yet appeared on the bank statement.

    Unpresented cheques is where you are paying money out, but the payment has not yet appeared on the bank statement.

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