Bank Reconciliation

Inuunang tignan ang cash in bank ledger.

Para malaman kung balance ang cash in bank ledger at matatanggap ay magbibigay
ang banko ng bank statement.
Three Kinds of Deposit
If you have a company – You can have Checking Deposit or Demand Deposit.
Ginagamitan lamang ng check. Everytime we pay to the taxes, to the accounts payable,
rental expense, it should be made or issued by check. Hindi katulad ng petty cash fund,
na di na kailangan ng check.
Debit Rental Expense
Credit Cash in Bank
Nagbayad..
Debit Due to Mr Francisco Company
Credit Cash
Kapag sa ledger mo, debit = increase, credit = decrease.
Debit Rental Expense
Credit Cash in Bank
Cash Disbursement Book
Sa banko.
Kung magdedeposit ng check
Kapag nicredit ng banko ang deposit mo ay tataas ang deposit mo.
Entry ng Bank
Cash 100,000
Due to Mr. Francisco Company 100,000
Demand Deposit – is the current account or checking account or commercial deposit
where deposits are covered by slips and where funds are withdrawable on demand by
drawing checks against the bank. Suppostedly is it non interest.

Saving Deposit – Ito ay normally may interest.

Time Deposit – Usually, ito ay may kontrata. Sa lahat ng deposit ang pinakamataas na
binibigay ng banko na interest ay ang Time Deposit. It is interest bearing
Bank Reconcilation –

The two accounts have equal or the same balances because they are reciprocal
accounts.

Reciprocal - this means that when one account is debited, the other account is credited
or vice versa.

The reason for this is that the two accounts cover or reflect the same items or
transactions.

Debit Cash in bank

Credit Account Receivable

Tapos hindi nadeposito at naabutan ng deadline.

A. Debit Memos
B. Credit Memos

Withdrawals Deposits Balance

6,000

5,000

10,000

18,000

20,000

2,000

30,000

15,000 CM

5,000 RT

1,000 SC
Unadjusted balance per book 65,000
Credit Memo 30,000 95,000
Less: DM 2,000 2,000 93,000

Unadjusted balance per bank 108,000

Add: DIP 80,000 188,000
Less: Outstanding Check 15,000
30,000
50,000 -95,000 93,000

___________________________________________________________________

Debit Cash in Bank 30,000

Credit Notes Receivable 30,000

Debit Service Charges 2,000

Credit Cash in Bank 2,000