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sir, what do the figures on the debit side of the bank statement represent? is it money withdrawn from the cash book or is it money going into the company account?
kindly assist me.and the amounts appearing in cash book and not in bank statement are called lodgements?
The bank statement is debited when money leaves the account.
Lodgements are money paid into the bank. If they are in the cash book but not in the bank statement then they are ‘unrecorded lodgements’ or ‘lodgements not yet credited’.
All of this is explained in my free lectures. You must watch the lectures – you cannot expect me to type them all out here 🙂
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