-What items/information are required to prepare a bank reconciliation? 2-What steps, in order of performance, should be followed to prepare a bank reconciliation? 3-Prepare a bank reconciliation and bank control account in the standard format from the following information: Balance per cash book at start of year £14,335 Balance per bank statement at end of year £28,629 Bank charges and interest on bank statement not in CB £25 Transposition error in cash book £189 Receipts in year per cash book £205,714 Bounced cheque -cleared post y/e £ 524 Cheques in CB not on statement £ 11,747 Payments in year per cash book £ 200,119 Standing orders on statement not in CB £426 Bounced cheque in year – returned to company post y/e as did not clear £ 200 Lodgements in cash book not on bank statement £3,110 What additional information should be shown on the bank reconciliation, if available?
1-What items/information are required to prepare a bank reconciliation?
2-What steps, in order of performance, should be followed to prepare a bank reconciliation?
3-Prepare a bank reconciliation and bank control account in the standard format from the following information:
Balance per
Balance per bank statement at end of year £28,629
Bank charges and interest on bank statement not in CB £25
Transposition error in cash book £189
Receipts in year per cash book £205,714
Bounced cheque -cleared post y/e £ 524
Cheques in CB not on statement £ 11,747
Payments in year per cash book £ 200,119
Standing orders on statement not in CB £426
Bounced cheque in year – returned to company post y/e as did not clear £ 200
Lodgements in cash book not on bank statement £3,110
What additional information should be shown on the bank reconciliation, if available?
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