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Zorluk: KolayCauses of Discrepancies Between Cash Book and Bank Statement

Match each cause of discrepancy between the Cash Book and the Bank Statement with its correct accounting description.

  • Unpresented ChequesCheques issued to suppliers that have not yet been presented to the bank for payment.
  • Uncredited DepositsCheques received and paid into the bank but not yet credited on the bank statement.
  • Standing OrderAn instruction given by an account holder to the bank to make regular fixed payments directly from the account.

Cevap

Unpresented Cheques match with cheques issued to suppliers that have not yet been presented to the bank for payment; Uncredited Deposits match with cheques received and paid into the bank but not yet credited on the bank statement; Standing Order matches with an instruction given by an account holder to the bank to make regular fixed payments directly from the account.
Each discrepancy term correctly corresponds to its distinct operational meaning in bank reconciliation analysis.

Adım Adım Çözüm

1
Define Unpresented Cheques
Unpresented cheques refer to cheques issued to pay creditors which have not yet been cleared by the bank.
They cause the Cash Book balance to be lower than the Bank Statement balance until presented.
2
Define Uncredited Deposits
Uncredited deposits refer to cheques or cash lodged into the bank that have not yet been credited to the customer's account by the bank.
They cause the Cash Book balance to be higher than the Bank Statement balance until credited.
3
Define Standing Order
A standing order is an automatic transaction initiated by the bank following standing written instructions from the customer.
It appears on the Bank Statement as a debit entry before being entered into the Cash Book.

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Causes of Discrepancies Between Cash Book and Bank Statement
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Causes of Discrepancies Between Cash Book and Bank Statement

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