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Financial Accounting › Bank Reconciliation

Prepare a simple bank reconciliation.

Intermediate

Answer

Start from the bank statement, add deposits not yet credited, subtract cheques not yet presented, to arrive at the adjusted cash book balance.
Bank 4,650 + lodgements 300 - unpresented 750 = 4,200 (cash book)
Real-world example The adjusted figures on both sides must agree to complete the reconciliation.