learn bank reconciliation online


Example: learn bank reconciliation online

The bank statement of a business showed it had £1000 Cr balance as at 30 April 201X.
A cheque from GB Ltd for £500 had been recorded as a debit entry in the cash book but did not appear on the bank statement.
Another cheque from X Ltd for £85 had been recorded as a debit entry in the cash book but did not appear on the bank statement.
The business had also paid its supplier BD Ltd by a cheque totaling £22 this had been recorded in the cash book but did not appear on the bank statement.
Enter the details in the bank reconciliation statement below and calculate the balance as per cash book as 30 April.

Bank reconciliation statement as at 30th April 201X
£
 Balance as per bank statement:
ADD: Lodgements not yet credited:
 Name:
 Name:
 Name:
TOTAL:
 LESS: Unpresented cheques:
Name:
Name:
Name:
 Total to subtract:
  Balance as per cash book:


The balance on the cash book would be a debit balance of £1560.
About the author  of this article.
Michael Hughes is the founder and creator of this site on Free Book-keeping IMG_0177Courses Online UK. He is  known for his ability to explain book-keeping and accounting in a clear, concise and thorough manner. He has a BA (Hons) in Accounting and Finance and a Teaching Certificate from the University of Manchester.His background includes:-15 years as founder and managing partner of a UK accountancy distance learning company.-11 years as a college lecturer in accountancy.-5 years in HMRC-4 years in public accountancy practice.
His interest and passion includes communicating accounting and creating free book-keeping courses and imparting his knowledge through the Internet.
Michael lives in Lincolnshire in the UK and he can be contacted by email on frankwood1@o2.co.uk
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