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  • Module 1.3-2 Date Bank Recon

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    Eilana Candelaria
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    The document outlines the steps and calculations for reconciling a bank account. It provides the beginning and ending balances according to the books and bank statements, then calculates deposit amounts in transit and outstanding checks to reconcile the two balances. Adjustments are made for credit and debit memos from the previous and current months.

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    Module 1.3-2 date bank recon.docx

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    The document outlines the steps and calculations for reconciling a bank account. It provides the beginning and ending balances according to the books and bank statements, then calculates deposit amounts in transit and outstanding checks to reconcile the two balances. Adjustments are made for credit and debit memos from the previous and current months.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    14 views2 pages

    Module 1.3-2 Date Bank Recon

    Uploaded by

    Eilana Candelaria
    The document outlines the steps and calculations for reconciling a bank account. It provides the beginning and ending balances according to the books and bank statements, then calculates deposit amounts in transit and outstanding checks to reconcile the two balances. Adjustments are made for credit and debit memos from the previous and current months.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    PSBA - MANILA

    ACCOUNTING 206 V. R. ESPIRITU

    COMPUTATION:

    Balance per book, Beginning xxx


    Add: Book receipts/collection/book debits xxx
    Total xxx
    Less: Book payments/book credits xxx
    Balance per book, end xxx

    Balance per bank, Beginning xxx


    Add: Bank receipts//bank credits xxx
    Total xxx
    Less: Bank disbursements/bank debits xxx
    Balance per bank, end xxx

    Deposit in transit, beg xxx


    Add: Deposit recorded by depositor
    Book Debits xxx
    Less: Credit memo last month xxx xxx
    Total xxx
    Less: Deposit recorded by the bank
    Bank Credits xxx
    Less: Credit memo this month xxx xxx
    Deposit in transit, end xxx

    Outstanding checks, beginning xxx


    Add: Checks issued by the depositor xxx
    Book Credits xxx xxx
    Less: Debit memo last month xxx

    Less: Checks paid by the bank


    Bank Debits xxx
    Less: Debit memo this month xxx xxx
    Outstanding checks, End xxx
    Outstanding checks, End xxx

    PSBA - MANILA
    ACCOUNTING 206 V. R. ESPIRITU
    TOPIC: 2 DATES BANK RECONCILIATION

    COMPUTATION:

    Balance per book, Beginning xxx


    Add: Book receipts/collection/book debits xxx
    Total xxx
    Less: Book payments/book credits xxx
    Balance per book, end xxx

    Balance per bank, Beginning xxx


    Add: Bank receipts//bank credits xxx
    Total xxx
    Less: Bank disbursements/bank debits xxx
    Balance per bank, end xxx

    Deposit in transit, beg xxx


    Add: Deposit recorded by depositor
    Book Debits xxx
    Less: Credit memo last month xxx xxx
    Total xxx
    Less: Deposit recorded by the bank
    Bank Credits xxx
    Less: Credit memo this month xxx xxx
    Deposit in transit, end xxx

    Outstanding checks, beginning xxx


    Add: Checks issued by the depositor
    Book Credits xxx
    Less: Debit memo last month xxx xxx
    Total xxx
    Less: Checks paid by the bank
    Bank Debits xxx
    Less: Debit memo this month xxx xxx

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