093 682 682 | 078 868 848 | info@pp-hr.com | Join Discussion | ខ្មែរ | English  | 日本語 | 中文  | ไทย한국어Tiếng Việt

CHAPTER 9 BANK RECONCILIATION

I. PURPOSE OF BANK RECONCILIATION

The purpose of a bank reconciliation is to ensure that the ledger account balance and the bank statement balance agree ( subject to timing difference). There will be two types of reconciling items:

-Items that appear on the bank statement but have not yet been entered into the day books

-Items that have been entered into the day books but have not yet appeared on the bank statement.

II.ADJUSTING THE BANK LEDGER ACCOUNT

Balance per cash book Xxx/(xxx)
Items on the bank statement but not in the day books:
 Bank charges (xxx)
 Bank interest charged (xxx)
 Bank interest credit xxx
 Standing order (xxx)
 Direct debit payment (xxx)
 Credit transfer xxx
Errors in the day books: Xxx/(xxx)
Dishonoured Cheques : (xxx)
Revised bank per cash book:

(amount in Balance sheet)

xxx

…………………………………………….

Download: Chapter 9 Bank Reconciliation

Find Jobs Here !

Featured Jobs

Job Responsibilities • Prepare invoices to clients • Follow up on all account receivable & payable • Manage payment to suppliers & official receipt • Deposit and withdraw cash from bank, write checks, handle company petty cash • Prepare weekly, monthly and quarterly report on receivable & payable accounts • Prepare financial report for monthly, semester, quarterly and yearly to
Loading...