Bank reconciliation

Rooms in this module

How this works

Each room answers one problem. A task is a few lines of reading, then questions you answer in the books: post to an account, type a figure, sort, match or write a journal. Every answer is marked at once, with the rule behind it. There are no videos.

Words in this module

Bank reconciliation

A bank reconciliation explains the gap between the balance in the cash book and the balance on the bank statement.

Direct debit

A direct debit lets the payee collect money from the payer's bank account. The payee decides the amount and the date.

Outstanding lodgement

An outstanding lodgement is money paid in, and entered in the cash book, that the bank statement has not shown yet.

Standing order

A standing order is an instruction from the payer to its own bank to pay a fixed amount on fixed dates.

Unpresented cheque

An unpresented cheque is a payment in the cash book that has not reached the bank statement yet.

Questions