• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

Save 20% on ACCA & CIMA Books

Interactive BPP books for June 2026 exams, recommended by OpenTuition.
Get discount code >>

bank statement balance

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › bank statement balance

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by AvatarJohn Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • June 4, 2019 at 1:23 am #518702
    Avatarjualkyn
    Member
    • Topics: 4
    • Replies: 14
    • ☆

    Z’s bank statement shows a balance of $825 overdrawn. The statement includes: bank charges $509 (not in cash book), unpresented cheques $475, deposits not yet credited of $600 and wrong debit payment of $160 not related. Which one is correct?

    Answer
    570

    Hello, I have been trying to figure out how that answer came about for awhile and I cannot figure it out. Can someone please help explain how this answer was achieved? What exactly is it asking when it asks for ‘what is correct?’ correct of what? I am not sure what it’s even asking me to calculate? So far what I know is that:

    (825) overdrawn

    please help, would be much appreciated?

    June 4, 2019 at 7:19 am #518737
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54843
    • ☆☆☆☆☆

    The question as you have typed it does not make sense (“which one is correct” does not mean anything, and unpresented cheques and deposits not yet credited will not appear in the bank statement!!)

    Have you watched my free lectures on bank reconciliations?

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • TEDI on IAS 16 Property, plant and equipment – Initial Recognition – CIMA F1 Financial Reporting
  • ChanNV on Framework – measurement – ACCA Financial Reporting (FR)
  • ChanNV on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • Konstantinos43 on Financial Performance Measurement – Liquidity Measures – ACCA Management Accounting (MA)
  • Hirak.5 on ACCA TX-UK FA2025 Chapter 3 Property Income and Investments – Individuals

Copyright © 2026 · Contact · Advertising · OpenLicense · About · Sitemap · Privacy Policy · Cookie settings · Comments · Log in