Bank Reconciliation Statement Example

Feel free to click and download on a sample to access the file.

Bank reconciliation statement example. Has a difference in the balance as per cash book and bank statement as on 31 st march 2019. Statement examples in excel shown in the page provide further information regarding the making of a reconciliation statement. Bank reconciliation statement is a statement that depositors prepare to find explain and understand any differences between the balance in bank statement and the balance in their accounting records. As the bank provides their statement periodically generally monthly but sometimes more frequently if requested upon charge there may be some differences in customers books of accounts and those of the bank which generates the need of reconciliation.

All transactions between depositor and the bank are entered separately by both the parties in their records. Balance as per bank book is 8000. In order to agree both the balance we prepare bank reconciliation statement. Balance as per cash book is 1400.

Bank reconciliation example 3. From the following particulars prepare bank reconciliation statement for ms xyz and company as at 31 st december 2018. Current account 012 123456 001. On the bank statement compare the companys list of issued checks and deposits to the checks shown on the statement to identify uncleared checks and deposits in transit.

You are advised to prepare a bank reconciliation statement as on that date with the following information. Balance per bank statement 104806 bank reconciliation statement as at 3112xx1 prepared by. Bank reconciliation formula example 1. The figures used in the above bank reconciliation statement are for illustrative purpose only example of bank reconciliation statement bank.

Feel free to click and download on a sample to access the file. Abc bank account no. Balance as per bank statement as on 31 st march 2019 is 4000. Name title name title note.

Deduct any outstanding checks. A bank reconciliation statement may be defined as a statement showing the items of differences between the cash book balance and the pass book balance prepared on any day for reconciling the two balances. 9172009 33946 pm. The account balance of both the customer and bank should tallybut in most case it do not happen due to various reason.

Bank reconciliation statements ensure payments have been processed and cash collections have been deposited into the bank. Bank reconciliation is done by customers of the bank in order to tally their records along with their respective banks statements.