Bank Reconciliation-银行存款余额调节.pptxVIP

Bank Reconciliation How to prepare a bank reconciliation statement? (difficulties) 03 What is a bank reconciliation statement? 02 Why do we need a bank reconciliation 01 CONTENTS Why do we need a bank reconciliation? 01 ABC Company 01 Reasons for the difference: 1.Errors in cash book 2.Errors on bank statement 3. Timing difference (e.g cheques paid out by business which have not appeared on bank statement) What is a bank reconciliation statement? 02 A bank reconciliation is a monthly statement from a bank showing all activity in the accounts during the previous month along with the end of month balance and the individual company can use this statement to compares the bank records against the own records. A bank reconciliation Compare the bank statement against its own records is called a bank reconciliation or the bank rec, reconciliation bank statement assures that no mistakes were made by either party. How to prepare a bank reconciliation statement?（difficulties） 03 12/17/2020 Cash book side Bank side Cash balance, January, from ledger account Balance shown on the bank statement ABC COMPANY Bank Reconciliation Statement as at 31 January 2019 2438 2546 Step 1: Start with two figures, the balance shown on the bank statement (balance per bank) and the balance in the firm’s Cash account (balance per books) 12/17/2020 ABC Company Bank Reconciliation as at 31 January 2019 Cash book side Bank side Cash balance,31 January,from ledger account 2438 Bank balance,31 January, from bank statement 2546 ADD: ADD: LESS: LESS: 100 1566 234 3338 3338 4. Bank collection 1. Bank charges 2. Deposit in transit Ajusted book balance Ajusted bank balance 4112 These amounts should agree. Step 2: Add to, or subtract from, the bank balance those items that appear on the cash book but not on the bank statement or the book balance those items on the bank statement but not on the books. Step 3: Compa