TRANSACTIONS APPEARED IN BANK RECONCILIATION

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The followings are the transactions that usually appear in the company's records but not in the bank statement:

Deposits in transit: Deposits that have been sent by the company to the bank but have not been received by the bank at the proper time before the issuance of the bank statement.

Checks outstanding: Checks which have been issued by the company but were not presented or cleared before the issuance of the bank statement.
The followings are the transactions that usually appear in bank statements but not in the company's cash account:

Service charges: Service charges may have been deducted by the bank. Such charges are usually not known to the company before the issuance of a bank
statement.

Interest income: If any interest income has been earned by the company on its bank account, it is not usually entered into the company's cash account before the issuance of a bank statement.

NSF checks: NSF stands for "not sufficient funds". These are the checks deposited by the company in a bank account but the bank is unable to receive payment on those checks due to insufficient funds in the payer's account. 

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