ITEMS ON THE BANK STATEMENT BUT NOT IN THE CASH BOOK

DIRECT DEBIT or STANDING ORDERS on the statement but not yet entered into the cashbook BACS or oher receipts paid directly into the bank a/c by a customer CHARGES or INTEREST that the business is unaware of until the bank statement has been rcvd

ITEMS IN THE CASH BOOK BUT NOT ON THE BANK STATEMENT

OUTSTANDING or UNCLEARED LODGEMENTS Chqs rcvd by the business, paid into the bank, not had time to clear UNPRESENTED CHQS issued by the business, recipient have not yet paid in, or waiting to clear ERRORS in the cashbook e.g casting or transposition

BANK RECONCILIATION FORMULA

Balance as per bank statement (bottom, check if DR or CR) ADD Unpresented cheques (unticked from DR side of cashbook) LESS Outstanding lodgements (unticked from CR side of cashbook)

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POBC CHAPTER 5

The banking system & bank reconciliation statement

Question	Answer
ITEMS ON THE BANK STATEMENT BUT NOT IN THE CASH BOOK	DIRECT DEBIT or STANDING ORDERS on the statement but not yet entered into the cashbook BACS or oher receipts paid directly into the bank a/c by a customer CHARGES or INTEREST that the business is unaware of until the bank statement has been rcvd
ITEMS IN THE CASH BOOK BUT NOT ON THE BANK STATEMENT	OUTSTANDING or UNCLEARED LODGEMENTS Chqs rcvd by the business, paid into the bank, not had time to clear UNPRESENTED CHQS issued by the business, recipient have not yet paid in, or waiting to clear ERRORS in the cashbook e.g casting or transposition
BANK RECONCILIATION FORMULA	Balance as per bank statement (bottom, check if DR or CR) ADD Unpresented cheques (unticked from DR side of cashbook) LESS Outstanding lodgements (unticked from CR side of cashbook)

Created by: user-2017606

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