Outstanding deposit
An outstanding deposit is a receipt recorded in the entity’s bank ledger but not yet shown on the bank statement at the reconciliation date. It is a timing difference until the bank processes it. The item appears in the reconciliation until the bank statement records it; it does not justify changing the already correct cash-book entry.
Worked example
A deposit recorded on 31 December appears on the bank statement on 2 January.
Common mistake
Posting the receipt to the ledger a second time merely to make the balances agree.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | F1 | Direct | July 2027–August 2028 |
| ACCA | FA | Direct | September 2026–June 2027 |
| ACCA | K1 | Direct | July 2027–August 2028 |
| CIMA | BA3 | Direct | Official assessment-window verification pending |
| FIA | FFA | Direct | September 2026–June 2027 |
Related terms
Also called: deposit in transit, uncredited lodgement