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Cheques cashed and cashbook

Forums › Ask CIMA Tutor Forums › Ask CIMA BA3 Tutor Forums › Cheques cashed and cashbook

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  • July 11, 2019 at 7:58 pm #522668
    alex1369
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    Hello and thank you for your help,

    I am in the banking reconciliation section and was wondering in one of the examples I have found why Cheques cashed are on the credit side of the cashbook? Surely receiving a cheque and then cashing it increases our cash amount?

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