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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Reconciliations
Bank reconciliations contain unreconciled differences means ?
Can you give an example
An unreconciled difference is simply that after preparing the bank reconciliation the balances still do not match and there is still a difference.
That must mean that there is still an error in either the bank statement or (more likely) in the cash account that has not yet been found – so in practice it means going back and rechecking everything until it has been found.
