All 5 Bank Reconciliation questions
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What is a bank reconciliation? What are common reconciling items? Prepare a simple bank reconciliation. Why is bank reconciliation an important control?
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Financial Accounting › Bank Reconciliation

What is an unpresented cheque?

Beginner

Answer

A cheque the business has written and recorded but which the payee has not yet cashed, so it hasn't cleared the bank.
Cheque 750 written but not yet on the bank statement
Real-world example Explains why the bank balance is higher than the cash book temporarily.
All 5 Bank Reconciliation questions