Reconcile a bank statement
Tick off what matches, list what does not, and prove the two balances agree.
In this room: 2 tasks, 7 questions
- Tick and match3 questions
- The reconciliation statement4 questions
Compare the cash book with the bank statement, line by line. Tick every item that appears in both. What is left unticked explains the difference.
| Date | Details | Receipts | Payments |
|---|---|---|---|
| 1 Oct | Balance b/d | 1,960.00 | |
| 4 Oct | Rent | 240.00 | |
| 6 Oct | Corner Café | 370.00 | |
| 15 Oct | Flour supplier | 420.00 | |
| 30 Oct | Electricity, cheque 214 | 95.00 | |
| 31 Oct | Park Hotel | 480.00 |
| Date | Details | Paid out | Paid in | Balance |
|---|---|---|---|---|
| 1 Oct | Balance | 1,960.00 | ||
| 4 Oct | Rent | 240.00 | 1,720.00 | |
| 6 Oct | Corner Café | 370.00 | 2,090.00 | |
| 15 Oct | Flour supplier | 420.00 | 1,670.00 | |
| 29 Oct | Insurance direct debit | 43.00 | 1,627.00 | |
| 31 Oct | Bank charges | 12.00 | 1,615.00 |
Answer the questions below
2 more questions follow in this task.
Start from the balance on the bank statement. Add money paid in that is not shown yet. Take off cheques that have not cleared.
- Balance per bank statement
- start here
- Add outstanding lodgements
- money paid in, not yet shown
- Less unpresented cheques
- payments not yet cleared
- Balance per cash book
- the answer must match this
The cash book was updated for the bank charges and the direct debit, so it now shows £2,000.
Answer the questions below
3 more questions follow in this task.