The content is just an excerpt from the complete note for SS1 First Term Financial Accounting Lesson Note – Bank Reconciliation. Check below to download the complete DOCUMENT
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 ×××
To gain full access to the note: DOWNLOAD FILE
Do you want to study Agricultural Extension in OOU? Before you apply for the OOU…
Do you want to study Agricultural Economics in OOU? Before you apply for the OOU…
Do you want to study Cooperative and Business Management in OOU? Before you apply for…
Do you want to study Home and Hotel Management in OOU? Before you apply for…
Do you want to study Animal Production in OOU? Before you apply for the OOU…
Do you want to study Crop Production in OOU? Before you apply for the OOU…