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Bank reconciliation question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Bank reconciliation question

  • This topic has 25 replies, 3 voices, and was last updated 11 years ago by AvatarJohn Moffat.
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  • September 17, 2014 at 5:55 pm #195269
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54839
    • ☆☆☆☆☆

    Second question:

    Uncleared deposits is where we have received money, entered them in the cash account, but they have not appeared yet in the bank statement.
    So at the 31 December there is only the first one.

    Unpresented cheques is where we have paid money, entered it in the cash account, but it has not yet appeared in the bank statement.
    So at 31 December there is only the second one.

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