bank reconciliation

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Introduction to Bank Reconciliation Statements

• When we looked at the Cash Book we mentioned that all bank related transactions are recorded in it
• We glaringly ignored one fact the bank is also a business
• They have their own set of records about our deposits and withdrawals
• In modern times due […]
  

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Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Bank Reconciliation Statement Example

• As discussed here preparing a bank reconciliation statement involves three steps:
  1. Obtaining the current bank statement
  2. Updating the Cash Book
  3. Preparing the Bank reconciliation statement
• Now we will look at an example:

Draw up a bank reconciliation statement, after writing the cash book up to date, ascertaining […]

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Bank Reconciliation Statement Overdraft Example

• We have looked at the process of preparing bank statements here
• We also looked at an example here
• However we have made the distinction between a debit bank balance an an overdrawn account
• We will now look at an example of how to […]
  

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