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WEEK TEN (10)
TOPIC: BANK RECOCILIATION
CONTENTS:
SUB-TOPIC: INTERPRETATION OF BANK STATEMENTS
TREATMENT OF BANK RECONCILIATION
When the Cash book balance is used, Unpresented cheques, credit transfer and dividend are added while uncredited cheques, bank charges, standing order, dishonoured cheque are deducted.
EXAMPLE 1: FORMAT on Balance as per Cash Book
N N
Balance as per Cash Book ×××
Add: unpresented cheque ××× Dividend ××× Credit Transfer ××× ××× ×××
less: uncredited cheques ××× Bank Charges ××× Dishonoured cheques ××× Standing order ××× (×××) Balance as per Bank Statement ×××
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