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GCE N / O Level Bank Reconciliation
Introduction
Lesson Format, Cash Deposit, Cash Withdrawals & Bank Overdraft (4:24)
Bank Statement - Items Described in Detail (3:04)
Update Unrecorded Transactions in Cash at Bank (3:37)
Typical Question 1
Step 1. : Ensure that Opening Balance (Cash at Bank) = Opening Balance (Bank Statement) (1:40)
Step 2 : Identify Transactions that appear on both Cash at Bank & Bank Statement (1:33)
Step 3 : Update Unrecorded Transactions in the Cash at Bank Account (1:56)
Step 4 : Identify Transactions with Timing Differences (1:39)
Step 5 : Prepare Bank Reconciliation Statement (Starting from Balance from Bank Statement) (2:26)
Step 5 : Prepare Bank Reconciliation Statement (Starting from Balance from Adjusted Cash at Bank) (2:16)
Special Question : Bank Overdraft and Errors
Step 1 : Ensure that Opening Balance (Cash at Bank) = Opening Balance (Bank Statement) (1:07)
Step 2 : Correction of Errors (1:16)
Step 3 & 4 (0:46)
Step 5. Prepare Bank Reconciliation Statement (0:57)
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Step 1. : Ensure that Opening Balance (Cash at Bank) = Opening Balance (Bank Statement)
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