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Syllabus E4. Bank reconciliations

Syllabus E4

Bank reconciliations 4 / 4

a) Understand the purpose of bank reconciliations.
b) Identify the main reasons for differences between the cash book and the bank statement.
c) Correct cash book errors and/or omissions.
d) Prepare bank reconciliation statements.
e) Derive bank statement and cash book balances from given information.
f) Identify the bank balance to be reported in the final accounts.