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Bank Reconciliation. Illustration. Reconcile. Cash Book. Bank Statement. Example 1. Central Industries has the following Cash Book (Bank Columns only) showing a balance of $ 1,565 at the end of February 2007 but its Bank Statement shows a balance of $ 1,735. Example 1.
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Illustration Reconcile Cash Book Bank Statement
Example 1 Central Industries has the following Cash Book (Bank Columns only) showing a balance of $ 1,565 at the end of February 2007 but its Bank Statement shows a balance of $ 1,735.
Example 1 Cash Book (Banks columns only) Bank Statement from 1st February 2007 to 28th February 2007
1) Place a tick () against the items appearing in both the records. Cash Book (Banks columns only) Bank Statement from 1st February 2007 to 28th February 2007
2) Find out the items which do not appeared in both records Cash Book (Banks columns only) Bank Statement from 1st February 2007 to 28th February 2007 Cheque not presented at bank
3) Update the records which are not complete Bank Reconciliation Statement as at 28 February 2007 Balance shown on Bank Statement 1,735 Less: Unpresentedcheque – Fu Bros 170 Balance per Cash Book 1,565
Example 2 Cash Book (Bank columns only) Dr Cr
Example 2 (continued) Bank Statement
1) Place a tick () against the items appearing in both the records. Cash Book (Bank columns only) Dr Cr
1) Place a tick () against the itemsappearing in both the records. Bank Statement
2) Find out the items which do not appeared in both records Cash Book (Bank columns only) Dr Cr Cheque not credited on Bank Statement Cheque not presented at Bank
2) Find out the items which donot appeared in both records Bank Statement Entries not found in the Cash Book
3) Update the records which are not complete Bank Reconciliation Statement as at 30 June 2007 Balance shown on Bank Statement 2,310 Add: Uncredited cheque: Paul Li 160 2,470 Less: Unpresentedcheque – John Zheng200 Balance per Cash Book 2,270
