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Learning Outcomes Identify in both the cash book and the Identify in both the cash book and the bank statement, the receipts and payments bank statement, the receipts and payments that appear in both. that appear in both. Identify items that are unticked on the Identify items that are unticked on the bank statement and enter them in the cash bank statement and enter them in the cash book. book. Balance the bank columns of the cash book. Balance the bank columns of the cash book. Prepare a Bank Reconciliation Statement Prepare a Bank Reconciliation Statement starting with the revised cash book starting with the revised cash book balance. balance. Prepare a Bank Reconciliation Statement Prepare a Bank Reconciliation Statement starting with the Bank Statement balance. starting with the Bank Statement balance.

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Reasons why the cash book and bank statement may differ – Timing Differences Unpresented Cheques – the time delay between writing out a cheque and recording it in the cash book, and the cheque being entered on the bank statement.

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Page 1: Learning Outcomes Identify in both the cash book and the bank statement, the receipts and payments that…

Learning Outcomes Identify in both the cash book and the bank Identify in both the cash book and the bank

statement, the receipts and payments that statement, the receipts and payments that appear in both.appear in both.

Identify items that are unticked on the bank Identify items that are unticked on the bank statement and enter them in the cash book.statement and enter them in the cash book.

Balance the bank columns of the cash book.Balance the bank columns of the cash book. Prepare a Bank Reconciliation Statement Prepare a Bank Reconciliation Statement

starting with the revised cash book balance.starting with the revised cash book balance. Prepare a Bank Reconciliation Statement Prepare a Bank Reconciliation Statement

starting with the Bank Statement balance.starting with the Bank Statement balance.

Page 2: Learning Outcomes Identify in both the cash book and the bank statement, the receipts and payments that…

Bank Reconciliation Statement

Bank Reconciliation Statements form a link between the balance at bank shown in the cash book and the balance shown on the bank statement received from the bank.

Page 3: Learning Outcomes Identify in both the cash book and the bank statement, the receipts and payments that…

Reasons why the cash book and Reasons why the cash book and bank statement may differ – bank statement may differ – TimingTiming DifferencesDifferences

Unpresented ChequesUnpresented Cheques – – the time delay between writing out a the time delay between writing out a cheque and recording it in the cash cheque and recording it in the cash book, and the cheque being entered on book, and the cheque being entered on the bank statement.the bank statement.

Page 4: Learning Outcomes Identify in both the cash book and the bank statement, the receipts and payments that…

Reasons why the cash book and Reasons why the cash book and bank statement may differ – bank statement may differ – TimingTiming DifferencesDifferences

Outstanding Lodgements -Outstanding Lodgements -Amounts paid into the bank, but not yet Amounts paid into the bank, but not yet recorded on the bank statement.recorded on the bank statement.

Page 5: Learning Outcomes Identify in both the cash book and the bank statement, the receipts and payments that…

Updating the Cash BookUpdating the Cash Book

Receipts – standing order and BACS Receipts – standing order and BACS receipts (payments from Debtors), interest receipts (payments from Debtors), interest received.received.

Payments – standing order and direct Payments – standing order and direct debit payments, bank charges.debit payments, bank charges.

Page 6: Learning Outcomes Identify in both the cash book and the bank statement, the receipts and payments that…

You Tube Animation

Page 7: Learning Outcomes Identify in both the cash book and the bank statement, the receipts and payments that…
Page 8: Learning Outcomes Identify in both the cash book and the bank statement, the receipts and payments that…

CASH BOOK (Bank Column Only)

19971 Feb7 Feb

14 Feb21 Feb27 Feb28 Feb

1 Mar

Balances b/dA. AbbottCashD. Richards Ltd.CashP. Paul Ltd.

Balance b/d

1340.50208.50500.00162.30500.00262.30

19973 Feb

12 Feb17 Feb25 Feb28 Feb

Appleton Ltd. 123456Rent 123457D. Smith & Co. 123458G. Christie 123459

Balance c/d

675.25125.00421.80797.55

954.00

2973.60 2973.60

954.00

Page 9: Learning Outcomes Identify in both the cash book and the bank statement, the receipts and payments that…

Bank StatementDate Particulars Payment

sReceipts Balance

19971 Feb8 Feb

10 Feb

17 Feb

17 Feb

24 Feb

24 Feb

26 Feb

26 Feb

28 Feb

28 Feb

Balance b/dCreditCheque No. 123456CreditCheque No. 123457CreditBACS credit : J. Jarvis LtdCheque No. 123458Direct Debit : A-Z FinanceCreditBank Charges

£675.25125.00421.80

150.0010.00

£208.50500.00162.30

100.00500.00

£1340.50

CR1549.00

CR873.75 CR

1373.75 CR

1248.75 CR

1411.05 CR

1511.05 CR

1089.25 CR

939.25 CR1439.25

CR1429.25

CR

Page 10: Learning Outcomes Identify in both the cash book and the bank statement, the receipts and payments that…

Bank StatementDate Particulars Payment

sReceipts Balance

19971 Feb8 Feb

10 Feb17

Feb17

Feb24

Feb24

Feb26

Feb26

Feb28

Feb28

Feb

Balance b/dCreditCheque No. 123456CreditCheque No. 123457CreditBACS credit : J. Jarvis LtdCheque No. 123458Direct Debit : A-Z FinanceCreditBank Charges

£675.25125.00421.80

150.0010.00

£208.50500.00162.30

100.00500.00

£1340.50

CR1549.00

CR873.75 CR

1373.75 CR

1248.75 CR

1411.05 CR

1511.05 CR

1089.25 CR

939.25 CR1439.25

CR1429.25

CR

Page 11: Learning Outcomes Identify in both the cash book and the bank statement, the receipts and payments that…

CASH BOOK (Bank Column Only)

19971 Feb7 Feb

14 Feb21 Feb27 Feb28 Feb

1 Mar24 Feb

1 Mar

Balances b/dA. AbbottCashD. Richards Ltd.CashP. Paul Ltd.

Balance b/dJ. Jarvis Ltd.

Balance b/d

1340.50208.50500.00162.30500.00

262.30

19973 Feb

12 Feb17 Feb25 Feb28 Feb

26 Feb28 Feb28 Feb

Appleton Ltd. 123456Rent 123457D. Smith & Co. 123458G. Christie 123459Balance c/d

A-Z FinanceBank ChargesBalance c/d

675.25125.00421.80

797.55954.00

2973.60 2973.60

954.00100.00

150.0010.00

894.00

1054.00 1054.00

894.00

Page 12: Learning Outcomes Identify in both the cash book and the bank statement, the receipts and payments that…
Page 13: Learning Outcomes Identify in both the cash book and the bank statement, the receipts and payments that…

Severn Trading Company

Bank Reconciliation Statement as at 29th February 2997

Balance at Bank as per Bank Statement 1429.25

Less: Unpresented Cheques

G Christie – Cheque Number 123459 797.55

631.70

Add: Outstanding Lodgements

P Paul Ltd 262.30

Balance at Bank as per Cash Book 894.00


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