30.

STATEMENT OF FINANCIAL POSITION

Most businesses produce financial position at the end of the financial

year. A statement of financial position is like. A statement of financial
position is like an image of a company’s financial positions at Specific
point in time. It provides a summary of a company’s assets, liabilities,
capital. it is also known as balance Sheet.

BANK RECONCILIATION STATEMENTS

A statement comparing the cash book balance with the bank
statement balance.

BANK STATEMENT
A statement used by the bank to show the balance in. the bank
account and the amount that has been paid into bank and outdrawn
from the bank.

UNPRESENTED CHEQUE
• A cheque that has not yet deared banking system, most countries
have their own bank transfer system.
• in Sri Lanka it is called SLIPS (Sri Lanka interbank payment
System)
• A Bank statement is a record of transactions trade by and account
order over a period of time usually.
• A Bank statement will show any cheque paid or received any Cash
withdrawals from the business direct debits, standing orders, Bank
transfers as well as any interest paid or presented.
• Bank statement reflects the position of the bank therefore debit
entries in the business records will appear as credit entries in the
bank statement.
• A business should regularly check a bank statement against its own
records.
• This will help identify any mistakes or disappearances by business
or the bank.
• A bookkeeper must prove that difference in the Balance is not due
to error, so he draws up a bank reconciliation Statement. This
statement compares the cash book balance with the bank
Statement balance.