Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Bank reconciliation statement
- This topic has 5 replies, 3 voices, and was last updated 8 years ago by John Moffat.
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- May 4, 2016 at 1:01 pm #313678
Sir can u explain this question with clearly?
Which is not an difference when reconciling the balance on the cash book to the amount shown in the bank statement?
It’s bak charges and standing order right?
May 4, 2016 at 5:36 pm #313700It depends whether or not they have been entered in the cash account.
If they have been entered then there is no problem.
It is likely that they have not been entered, in which case there is a problem and there will be a difference until they are entered.
May 12, 2016 at 1:18 pm #314778Sir, In preparing a bank reconcilation , lodgements recorded before date in the cash book but credited by the bank after date should reduce an overdrawn balance in the bank statement.. but my question is how ?
May 13, 2016 at 8:34 am #314876When the lodgement (money paid in to the bank) appears on the bank statement it will mean that the bank will show a higher balance (or if overdrawn then a lower overdraft).
I do suggest that you watch our free lectures on this. (Our free lectures are a complete course for Paper F3 and cover everything needed to be able to pass the exam well.)
May 15, 2016 at 11:38 am #315147Thank You very much Sir, I watch every lecture before practice sir.
May 15, 2016 at 2:16 pm #315164You are welcome 🙂
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