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 |
Â