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hi Mr John moffat, can you kindly explain what is the difference between dishonored cheque, unpresented cheque and outstanding lodgements ? Also, what are the treatments of each when we perform bank reconciliation?
Thanks in advance.
You can find explanations of all these terms and how they are treated in my free lectures on bank reconciliations. Please do not expect me to type out all my lectures again here 🙂
The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.