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Direct debits
Direct Credits
Bank Giros
Unpresented chqs
UnCredited chq
The main reasons are:-
Cheques issued by us but not presented in the bank.
Cheques received by us but not deposited in the bank.
The cash book does not agree to the bank statement because of;
Bank charges
Direct debits
Overdraft interest
Unpresented cheques
Unbanked receipts
for example nothing reelected in banks same month or next month
if you are expecting a cash receivable (10/31) and doesn't reelected in bank account statement and you
can entry the amount in your books and it will considered as outstanding amount
