- This topic has 3 replies, 2 voices, and was last updated 2 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Dishonored cheques from customers will it have effect on bank reconciliation is it lodgements?
Dishonoured cheques do not affect the bank statement, but they do affect the cash account because they should be credited in the cash account (to cancel the debit that was made when the cheque was first received).
This is all explained in my free lectures on bank reconciliations. The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.