Page 187 - Microsoft Word - 00 BA3 IW Prelims STUDENT.docx

Accounting reconciliations

Example 1: Solution (cont.)

Step 3: The remaining differences between the amended cash book balance
and the bank statement balance are caused by timing differences on
those items not matched above:
$
Balance as per bank statement 5,113
Add: Uncleared lodgement
———

Less: Unpresented cheque
———
Balance as per cash book
———

Illustrations and further practice

181