[fbyrd110]

BANK Reconciliation
==============================================
On Aug 14th, One of our Partner's ( Compuville ) cash book showed a debit
Balance of $4,000.00.
His bank statement showed a balance of $4,270.00.
On comparison the following were found:
* check issued amounting to $2,500.00 has not been cashed
* The bank rejected checks amounting to $140
* Standing order for a staples order of $700 was note noted.
* A customer paid $170 directly into the bank without any notice to Us
* Bank charges of $160 were entered in the bank statements only.
* A dividend of $250 was paid directly into the bank and not recorded in the
Cash
Book
* Checks for $1,650.00 were entered into the cash book and deposited in the
Bank
But had not been cleared (deposited).
Prepare a bank reconciliation statement for the month .

Balance per bank statement
$ $
(Add )
Uncredited
Checks
Standing order
Bank charges
Dishonored
Checks
_____________________
(Less)
Unpresented checks
Dividend
Credit
Transfer

[pready]

First you start with your book balance and your bank balance. You need to get these two balances into agreement by either adding or subtracting from one or the other balance for each item.

#1 is already in your book balance so you need to subtract this amount from your bank balance.

#2 you already recorded these in your book balance so you need to add this to your bank balance.

#3 This is on the bank statement so you need to subtract this from your book balance.

#4 This is on the bank statement so you need to add this to your book balance.

#5 This is on the bank statement so you need to subtract this from your book balance.

#6 This is on the bank balance so you need to add this to your book balance.

Now total your balances and they should both equal $3,560