Cash at Bank and Bank Reconciliation
Principles of Accounts · Secondary 4 · Accounting for Current Assets · 2.º Período

Cash at Bank and Bank Reconciliation

Students will prepare bank reconciliation statements to identify discrepancies between the cash book and bank statements.

MOE Syllabus OutcomesMOE POA Syllabus 7087 - 3.6 Cash at bankMOE POA Syllabus 7087 - 2.2 Internal controls

About This Topic

Students will prepare bank reconciliation statements to identify discrepancies between the cash book and bank statements.

Key Questions

  1. Why might the cash book balance differ from the bank statement balance?
  2. What are unpresented cheques and bank lodgements?
  3. How does a bank reconciliation statement serve as an internal control?

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