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Bank Reconciliation Statements

Item Dr./Cr.
Standing Orders Cr.
Direct Debits Cr.
Dividends Rec’d Dr.
Bank Giro Credit Dr.
Bank charges Cr.
Dishonoured Cr.
Cheques

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Bank Reconciliation Statements

Unpresented Cheques
Bank Lodgements not yet credited to
our bank a/c

Add: Unpresented Cheques


Less: Bank Lodgements
Question

On 31st December 1990, the balance


at bank as shown by Boyd’s Cash
Book was $517, whereas the Bank
Statement showed a credit balance of
$567. comparison of the Cash Book
with the Bank Statement showed the
following discrepancies:
Question cont’d

1. Cheques drawn and not yet


presented for payment $214
2. Cheques paid into bank on 31st
December and not appearing in the
Bank Statement $196
3. Items shown in the Bank Statement
but not yet entered in the Cash
Book:
Question cont’d

Bank charges $4
Standing Order $26
Dividends collected by the bank $62

Enter the items shown under (3) in


the Cash Book to show a correct cash
book balance and then prepare a
Bank Reconciliation Statement.