Day 9. Reconciliation
E4. Bank reconciliations
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.
Introduction to bank reconciliation
01Explanation9:42
Finding the reconciled balance
02Explanation2:27
Finding the balance as per cash book
03Explanation1:33
Finding the balance as per bank statement
04Explanation3:02
Mock exam 1 Q12
05Mock Exam2:16
Mock exam 1 Q15
06Mock Exam1:28
Mock exam 1 Q47 & 48
07Mock Exam2:46