bank reconciliation

ZIMSEC O Level Principles of Accounts 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 to […]
  

ZIMSEC O Level Principles of Accounts 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 the […]

ZIMSEC O Level Principles of Accounts 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 prepare […]