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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Reconciliation
what do you mean by ” post year end cheques are processed prior to year end to reduce payables ”
Does it mean that the cheques company received for may be some sales were processed prior to the year end so that they can pay their payables ?
We are dealing with payments to suppliers.
It meand that a cheque to a supplier dated 5/1/2017 is accounted for in 2016 to reduce the payables balance at 31/12/2016.
