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What are the reasons why cash book balance doesn’t agree with bank statement balance?

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Question ajoutée par Shamna Mohammed Ali , Accountant , Almoayed Chambers
Date de publication: 2014/11/06
Muhammad Zeeshan Hyder
par Muhammad Zeeshan Hyder , Chief Accountant , SAED Group International (Al Dabbagh Group)

 

Direct debits

 

Direct Credits

 

Bank Giros

 

Unpresented chqs

 

UnCredited chq

 

Shahul Hameed Abdul Rahim
par Shahul Hameed Abdul Rahim , Accounting Manager , Gulf Duct Industries LLC

The main reasons are:-

Cheques issued by us but not presented in the bank.

Cheques received by us but not deposited in the bank.

Owen Gatehi
par Owen Gatehi , Head of Finance , Kapitol Services Co.

The cash book does not agree to the bank statement because of;

Bank charges

Direct debits

Overdraft interest

Unpresented cheques

Unbanked receipts

Amr Amin  MBA
par Amr Amin MBA , Senior Accountant , Seara BMF

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 

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