Bank statements
Read a business bank statement, bring the cash book up to date from it, and prove the two agree with a bank reconciliation statement.
See the first roomHow to read a business bank statement
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.
- Credit
- Credit is the right side of an account. Liabilities, capital and income go up on the credit side.
Questions
How many rooms and questions are in Bank statements?
5 rooms and 48 questions. Every question is marked at once.
How long does it take?
About 48 minutes in all. A room takes 8 to 12 minutes, so you can do one at a time.
Is it free?
No. These rooms need Premium. Each room shows the start of its first task before you pay.
What should I do first?
Petty cash. It is the module before this one in Cash, bank and payments.