[经济学]financial_account-week11_control_account_and_bank_reconciliation-_Lecturer.pptVIP

* A summary received from the bank of all account transaction is called as Bank Statement * A bank reconciliation is a listing of the items and amounts that cause the cash balance reported in the bank statement to differ from the balance of the cash account in the ledger. * BANK DEPOSITOR RELATIONSHIP * DEPOSITOR From the point of view of depositors - When deposit RM3,000 into bank, the bank is a debtor. - Then the bank account is debited with RM 3,000 . Bank (debtor) RM 3,000 * From the point of view of bank When received RM3,000 from depositor, the depositor is a creditor. Then the bank statement is showing credit balance of RM3,000. It indicated the fact that bank owed RM3,000 to the depositor. BANK * Cash at bank account 2008 ? ? RM 2008 ? ? RM August 1 Balance b/d 11,895 August 6 Ah Chong 750 ? 8 Ah Lek 790 ? 13 D Kalimuthu 2,165 ? 17 Vellu 465 ? 17 Siti Aisyah 440 ? 19 Farouk 1,535 ? 30 Kelab Aktik 285 ? 31 See Tatt 3,120 ? 31 Balance c/d 14,165 ? ? ? 17,805 ? ? ? 17,805 EXAMPLE * Bank Statement ? ? ? ? Dr ? Cr ? Balance 2008 ? ? ? RM ? RM ? RM August 1 Balance b/d ? ? ? ? 11,895 ? 8 Cheque ? ? ? 790 ? ? ? 9 Ah Chong ? 750 ? ? ? ? ? 17 Cheque ? ? ? 465 ? ? ? 18 D. Kallimuthhu 2,165 ? ? ? ? ? 19 Siti Aisyah 440 ? ? ? ? ? 29 Cheque ? ? ? 1,535 ? ? ? 30 Standing order 220 ? ? ? ? ? 31 Mohd Ali: traders credit ? 450 ? ? ? 31 Bank charges 350 ? ? ? 11,210 * Reasons for Differences Between Company’s Records and the Bank Statement Outstanding cheques (Unpresented cheques) Deposits in transit (Uncredited cheques) Service charges Collections Dishonoured cheques Errors * Reasons for Differences Between Company’s Records and the Bank Statement 1.Outstanding cheques (Unpresented cheques) Cheques that have been issued by the company to the creditors Recorded