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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › What does it mean the deposit account?
I saw a lot phrase deposit credited/ not yet credited in the chapter of Bank Reconciliation.
I just know that the deposit account is a amount you put the money in this your cash account in cash book increase but in bank statement is not yet entered this amount.
What if I drawn the money from the deposit account had been shown in cash book but my bad is that I drawn from on other account such as current account?
Could you explain and give me some example about this?
Thanks you so much in advance
This is covered in full in the free lectures – I cannot type out all the lectures here.