Match each bank-related transaction on the left to its correct accounting treatment on the right during the preparation of an Adjusted Cash Book and Bank Reconciliation Statement.
- Standing order payment for monthly insurance premiumCredited to the Adjusted Cash Book as an unrecorded bank payment
- Direct transfer into the bank account by a customerDebited to the Adjusted Cash Book as an unrecorded bank receipt
- Cheque drawn and issued to a supplier but not yet cleared by the bankIncluded in the Bank Reconciliation Statement as an unpresented cheque
- Customer cheque deposited into the bank but not yet credited on the bank statementIncluded in the Bank Reconciliation Statement as an uncredited deposit
Cevap
Standing order payments are credited to the Adjusted Cash Book; direct customer deposits are debited to the Adjusted Cash Book; issued cheques not yet cleared are treated as unpresented cheques in the Bank Reconciliation Statement; and deposited cheques not yet credited are treated as uncredited deposits in the Bank Reconciliation Statement.
Standing orders represent unrecorded cash payments and are credited to the Adjusted Cash Book. Direct customer deposits represent unrecorded cash receipts and are debited to the Adjusted Cash Book. Unpresented cheques and uncredited deposits are timing differences and are placed in the Bank Reconciliation Statement.
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Anahtar Kavram
Distinguishing between items that adjust the Cash Book (unrecorded transactions and cash book errors) and items that belong in the Bank Reconciliation Statement (timing differences such as unpresented cheques and uncredited lodgements).