Dishonored cheques from customers will it have effect on bank reconciliation is it lodgements?
Ask the Tutor ACCA FA
F3 doubt Bank reconciliation
4y ago#1Dishonoured cheques do not affect the bank statement, but they do affect the cash account because they should be credited in the cash account (to cancel the debit that was made when the cheque was first received).
This is all explained in my free lectures on bank reconciliations. The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
Got bit confused sir I have watched the video
4y ago#3Has my previous answer sorted it out for you?
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