Introduction
Typical Question 1
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Step 1. : Ensure that Opening Balance (Cash at Bank) = Opening Balance (Bank Statement) (1:40)
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Step 2 : Identify Transactions that appear on both Cash at Bank & Bank Statement (1:33)
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Step 3 : Update Unrecorded Transactions in the Cash at Bank Account (1:56)
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Step 4 : Identify Transactions with Timing Differences (1:39)
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Step 5 : Prepare Bank Reconciliation Statement (Starting from Balance from Bank Statement) (2:26)
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Step 5 : Prepare Bank Reconciliation Statement (Starting from Balance from Adjusted Cash at Bank) (2:16)
Special Question : Bank Overdraft and Errors
