Preparation of Bank Reconciliation Statement With Normal Bank Statement - SS2 Accounting Lesson Note
The following are transactions that have been entered into a bank statement for JOY Ltd. for June 2021 in tabular form:
|
Date |
Particulars
Withdrawals (₦)
Deposits (₦)
01/06/2021
Starting balance
200000
03/06/2021
Cheque #001 from Customer A
4000
07/06/2021
ATM withdrawal
100000
10/06/2021
Credit from Supplier B
150000
15/06/2021
Cheque #002 from Customer C
25000
20/06/2021
Bank charges
3000
22/06/2021
EFT payment to Supplier D
50000
25/06/2021
Direct debit for rent
30000
27/06/2021
Deposit from Customer E
100000
30/06/2021
Cheque #003 to Supplier F
70000
Answer:
Bank reconciliation statement
For the month ended March 2023
|
Particulars |
(₦)
(₦)
Bank balance as per the statement
Add: Deposits not credited
Less: Cheques issued but not presented for payment
Less: Bank charges
Adjusted bank balance
Add: Outstanding deposits
Less: Outstanding cheques
Book Balance
135000
3000
315000
385000
100,000
352000
-
-
315000