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What does it mean the deposit account?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › What does it mean the deposit account?

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by AvatarJohn Moffat.
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  • December 17, 2015 at 5:29 am #292038
    AvatarQuốc Anh
    Participant
    • Topics: 41
    • Replies: 23
    • ☆☆

    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

    December 17, 2015 at 8:49 am #292056
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54836
    • ☆☆☆☆☆

    This is covered in full in the free lectures – I cannot type out all the lectures here.

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