Fake bank statement

Compare cash and cheque records in the books with the bank statement to identify items which are on the statement, but not in the cash book and vice versa. Any difference noted has to be adjusted for.

• Make required adjustments to the cash book.

• Any differences pending will make fake bank statement up the reconciling items, which can include un-presented cheques and deposits in transit etc.

Based on these data, we can now review a bank reconciliation example. This example is similar to that used for the current account reconciliation in most companies. Reconciliation can usually be done in two directions namely: from the records or ledger to the bank statement and vice-versa. Everything is practically the same, except that operations of additions and subtractions replace themselves when moving in opposite directions.