Qualification > Queries

acc as level

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unknown:
nop i hv oct nov session

***exam***:
2 standing statement :  it is something like u give standing orders to ur bank  once n for all  n every month they specific amount is paid or cut from ur  bank acc without informing u !
eg u give a standing order to pay rent for a land = $50 
now every month ur bank will pay $50 with out u telling them to , so  ur cash book doesn't have that record but ur bank statement has !

hope u get this :)

***exam***:
1 unclear banking : Checks and drafts that have been deposited by a bank's customer but have not completed the bank's clearing cycle: either they have not been paid by the drawee bank or the proceeds have not been credited to the customer's account. Also called uncollected funds or uncollected items.

hope this is what u are looking 4

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