Listed below are five potential causes of difference between a company's cash book balance and its bank statement balance as at 30 November 20X3:

Which one of the following alternatives correctly analyses these items into those requiring an entry in the CASH BOOK?

After checking a business cash book against the bank statement, which of the following items could require an entry in the cash book?

1. Bank charges
2. A cheque from a customer which was dishonoured
3. Cheque not presented
4. Deposits not credited
5. Credit transfer entered in bank statement
6. Standing order entered in bank statement.

The following bank reconciliation statement has been prepared for a company:

Assuming the amount of the overdraft per the bank statement of $39,800 is correct, what should be the balance in the cash book?

Your cash book at 31 December 20X3 shows a bank balance of $565 overdrawn. On comparing this with your bank statement at the same date, you discover the following.

1. A cheque for $57 drawn by you on 29 December 20X3 has not yet been presented for payment.
2. A cheque for $92 from a customer, which was paid into the bank on 24 December 20X3, has been dishonoured on 31 December 2013.

What is the correct bank balance to be shown in the statement of financial position at 31 December 20X3?

Listed below are five potential causes of difference between a company's cash book balance and its bank statement balance as at 30 November 20X3:

Which one of the following alternatives correctly analyses these items into those requiring an entry in the BANK RECONCILIATION?

Which of the following statements about bank reconciliations are correct?

1. A difference between the cash book and the bank statement must be corrected by means of a journal entry.
2. In preparing a bank reconciliation, lodgements recorded before date in the cash book but credited by the bank after date should reduce an overdrawn balance in the bank statement.
3. Bank charges not yet entered in the cash book should be dealt with by an adjustment in the bank reconciliation statement.
4. If a cheque received from a customer is dishonoured after date, a credit entry in the cash book is required.

The following attempt at a bank reconciliation statement has been prepared by Q Co:

Assuming the bank statement balance of $38,600 to be correct, what should the cash book balance be?

The cash book shows a bank balance of $5,675 overdrawn at 31 August 20X5. It is subsequently discovered that a standing order for $125 has been entered twice, and that a dishonoured cheque for $450 has been debited in the cash book instead of credited.

What is the correct bank balance?

$          overdrawn.

In preparing a company's bank reconciliation statement at March 20X3, the following items are causing the difference between the cash book balance and the bank statement balance:

• Bank charges $380
• Error by bank $1,000 (cheque incorrectly debited to the account)
• Lodgements not credited $4,580
• Unpresented cheques $1,475
• Direct debit $350
• Cheque paid in by the company and dishonoured $400

Which of these items will require an entry in the cash book?

The following bank reconciliation statement has been prepared by a trainee accountant:

Assuming the amounts stated for items other than the cash book balance are correct, what should the cash book balance be?

Listed below are some possible causes of difference between the cash book balance and the bank statement balance when preparing a bank reconciliation.

Which TWO of these items require an entry in the cash book?

The bank statement on 31 October 20X7 showed an overdraft of $800. On reconciling the bank statement, it was discovered that a cheque drawn by your company for $80 had not been presented for payment, and that a cheque for $130 from a customer had been dishonoured on 30 October 20X7, but that this had not yet been notified to you by the bank.

What is the correct bank balance to be shown in the statement of financial position at 31 October 20X7?

The following information relates to a bank reconciliation.

1. The bank balance in the cashbook before taking the items below into account was $8,970
2. Bank charges of $550 on the bank statement have not been entered in the cashbook.
3. The bank has credited the account in error with $425 which belongs to another customer.
4. Cheque payments totalling $3,275 have been entered in the cashbook but have not been presented for payment.
5. Cheques totalling $5,380 have been correctly entered on the debit side of the cashbook but have not been paid in at the bank.

What was the balance as shown by the bank statement before taking the above items into account?

A business had a balance at the bank of $2,500 at the start of the month. During the following month, it paid for materials invoiced at $1,000 less trade discount of 20% and settlement discount of 10%. It received a cheque from a customer in respect of an invoice for $200, subject to settlement discount of 5%.

What was the balance at the bank at the end of the month?

The following bank reconciliation statement has been prepared by a trainee accountant:

What should be the correct balance per the cash book?

The following information relates to a bank

1. The bank balance in the cashbook before taking the items below into account was $8,970 overdrawn.
2. Bank charges of $550 on the bank statement have not been entered in the cashbook.
3. The bank has credited the account in error with $425 which belongs to another customer.
4. Cheque payments totalling $3,275 have been entered in the cashbook but have not been presented for payment.
5. Cheques totalling $5,380 have been correctly entered on the debit side of the cashbook but have not been paid in at the bank.

What was the balance as shown by the bank statement BEFORE taking the items above into account?

$          overdrawn