i. Bank statement: This is the periodic statement of account which a commercial bank sends to its customers. It states the various deposits and withdrawals including the balances in customers’ accounts. It is usually sent to current account holders.
ii. Bank Reconciliation statement: This is the method used by the cashier in an organisation to make both the operations of the bank and that of the office come into an agreement. It is usually headed “Bank Reconciliation Statement as at 31st Dec……….“.
iii. Uncredited cheques: These are cheques which have been received by the bank which have not been entered in the customers accounts. This cause disagreements between Cash Book Balance and Bank Balance.
iv. Unpresented cheques: these are cheques drawn in favour of some people which have not been taken to bank for collection by those who have received such cheques. They cause disagreement between Cash Bank and Bank.
v. Dishonoured cheques:- These are cheques which when they are presented to the bank for collection, the bank refuse to pay the amount written on such cheques. This may be due to lack of fund in the account, irregular signature, alteration on the cheque, notice to stop payment, lack of date on the cheque and differences between the amount in words and that written in figures.
