Session 2.

3: Prepare Reconciliation Statements Exercise

Exercise 2.3-A
Objective:

The objective of this exercise is for the participants to - (a) be familiar with the prescribed
format of, and (b) be able to prepare the Reconciliation Statement of Accountability.

Time required:

Individual Reading - 5 minutes

Group discussion and preparation of output - 15 minutes

Presentation/discussions of output in plenary - 20 minutes

Total Time 40 minutes

Requirement:

Using the data below, prepare the Reconciliation Statement of Accountability (RSA).

Agency: Registry of Deeds, Baguio City; Fund: General Fund

Accountable Officer: Ms. Jenny Correctional, Cashier III

1. Balance per Statement of Accountability, April 28, 2015 - P90,200

2. Balance per Cashbook, April 28, 2015 - P90,200
3. Balance of subsidiary ledger, end of previous month - P100,100
4. Collections in April 2015 not yet recorded - P200
5. Collections of P500 on March 20, 2015 recorded as - P600
6. Deposits on March 21, 2015 not yet posted - P10,000

Instructions:

1. Sit in your designated group.

2. After the individual reading, discuss the format of the RSA, the data given, and
solution to the exercise.
3. Write the group solution in a manila paper, for submission/reporting to the class
and discussion in plenary.

Professional Development Office Page 1 of 1

Professional and Institutional Development Sector