What are the valid reasons for the cash book and bank statement failing to agree. Can you explain more?

Question

Bismah Kiani · Answer

The cash book & bank statement will not reconcile for some of the following reasons

1. Cheques in Transit

2. Direct Debits & Credits

3. Unpresented Cheques

4. Overdraft Interest

these are some of the basic reasons why the two shall not reconcile

Asim Chand · Answer

1. Interest charged and earned

2. Un presented and Cheques received but not deposited in bank.

3. Bank charges

Mohamed Hakeem Meerashahib · Answer

There are many reasons in which

1. Un presented cheques

2. Un deposited cheques

3. Interested earned

4. Standing orders

5. Bank charges

are play a prominent role...