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F3 doubt Bank reconciliation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › F3 doubt Bank reconciliation

  • This topic has 3 replies, 2 voices, and was last updated 3 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • January 18, 2022 at 12:47 pm #646895
    fathima92
    Member
    • Topics: 2
    • Replies: 9
    • ☆

    Dishonored cheques from customers will it have effect on bank reconciliation is it lodgements?

    January 18, 2022 at 3:37 pm #646945
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    Dishonoured 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.

    January 19, 2022 at 8:43 am #646998
    fathima92
    Member
    • Topics: 2
    • Replies: 9
    • ☆

    Got bit confused sir I have watched the video

    January 19, 2022 at 9:06 am #647005
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    Has my previous answer sorted it out for you?

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