Notesale: Turn your study into money

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Excelsior High School
Bank Reconciliation Statement
Handout

Bank Reconciliation Statement
A statement showing a comparison between the cashbook balances and the balance as per the
bank statement
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Customer will complete and sign a form giving
permission to withdraw amount from their account
at a regualar intervals
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g mortgage
This is done instead of instructing the bank
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✔

These are charges that are sometimes levied by the
bank to cover their cost incurred in operation the
account
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Bank charges

✔

These are charges due to the bank in relation to the
services that they offers
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Bank interest earned

Items that may be in cash book but not on the bank statement
Unpresented Cheques

These are cheques paid out and recorded by the
business but have not been received by the bank for
payment
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Late Lodgements

These are cheques received and recorded in the
cashbook by the business which have not been
lodged, or were lodged late, so were not entered on
the bank statement
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2
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4
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Use items found in the cashbook but not in the bank statement to reconcile the updated
cashbook balance with the balance as per bank statement

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