Bank reconciliation

On 31 January, Somraj's bank statement showed a credit balance of $740$. After he compared the bank statement with the cash book, he identified the following. bank charges not recorded in the cash book $30$ cheque paid but not presented to the bank $150$ Somraj amended his cash book as required. What was the revised cash book balance on 31 January?

Feb/March 2020

At 31 July, the bank column in Jay’s cash book indicated a balance at bank of $312. On that same day, the bank statement showed an overdraft of $53. It was discovered that bank charges of $47 had not been entered in the cash book and that a cheque for $318 received from a customer had not yet been credited by the bank. What bank balance ought to appear in Jay’s statement of financial position at 31 July?

Feb/March 2023

Saira is a trader. The transactions below occurred in January 2023. Jan 2 Rent received, $360, was paid straight into the bank account. Jan 4 $343 was paid to Jai by telephone transfer after deducting 2% cash discount from the amount owed. Jan 7 Cash of $33 was paid for motor expenses. Jan 13 Cash sales of $395 were paid directly into the bank account. Jan 17 $194 was paid to David by electronic transfer after deducting 3% cash discount from the amount owed. Jan 20 A cheque for $388 was received from Ivan, settling a debt of $400 in full. Jan 27 Cash of $150 was withdrawn from the bank for business use. Jan 29 Wages of $124 were paid in cash.

Feb/March 2023

A trader has received her bank statement. What must she enter when updating her cash book?

Feb/March 2024

In Colin’s cash book, the bank column recorded a debit balance of $2134. After comparing the cash book with the bank statement, Colin found these items: a standing order paid by the bank in error $80, unpresented cheques $563, and uncredited deposits $376. What closing balance was shown on his bank statement?

Feb/March 2024

Gurjit operates as a trader. In January 2024, these transactions occurred. January 4 Cash sales, $640, were banked straight into the bank account 7 Paid Sandy $551 by credit transfer after deducting 5% cash discount 13 Paid wages in cash, $120 19 Received $415 by cheque from Uma 21 Paid Viraj $194 by telephone transfer, settling an invoice of $200 in full 25 Withdrew $100 cash from the bank for business use

Feb/March 2024

Jamal’s bank statement on 1 May displayed a bank overdraft of $1460$. On that date, there were cheques not yet presented of $385$ and deposits not yet credited of $255$. What was the cash book balance at 1 May?

Feb/March 2025

Which item would not be recorded on a bank statement?

May/June 2021

Jamal’s bank statement on 1 May 2021 indicated a bank overdraft of $1460. On that date, cheques worth $385 had not yet been presented and deposits of $255 had not yet been credited. What was the cash book balance on 1 May 2021?

May/June 2021

At 1 May 2021, Jamal’s bank statement recorded a bank overdraft of $1460. On that date, there were unpresented cheques totaling $385 and uncredited deposits totaling $255. What was the balance in the cash book on 1 May 2021?

May/June 2021

Rahat works as a trader. These transactions occurred during March 2021. March 3 Cash sales, $580$, were paid straight into Rahat’s business bank account March 6 Insurance, $360$, was paid by direct debit March 9 $196$ was paid to GH Limited by telephone transfer, after deducting 2% cash discount from the amount due March 13 $75$ cash was paid for stationery March 17 Cash sales, $140$ March 27 Old office equipment was sold to Burgess, who paid $50$ by cheque in full settlement March 30 $340$ was paid to Colin by cheque in full settlement of a debt of $350$

May/June 2021

Raj’s cash book showed a debit balance of $10800 in the bank column. He found that purchases worth $890, which had been settled by cheque, were entered as $980. The bank statement included the following items, but they were not yet recorded in the cash book: bank charges $76 interest received $120 What debit balance was shown in the bank column of Raj’s cash book after these items were adjusted?

May/June 2022

Peter works as a trader. The transactions below occurred in April 2022. April 2 Cash sales, $410, were paid directly into the bank account April 3 By cheque, $798 was paid to Rahat in full settlement of a debt of $840 April 8 $42 cash was paid for a motor vehicle repair April 15 Goods with a list price of $320 were bought on credit from Rahat, subject to a trade discount of 10% April 18 Cash sales, $460 April 20 $392 was paid to Samir by telephone transfer after a 2% cash discount had been deducted from the amount due April 25 A cheque for commission receivable, $115, was paid into the bank account April 29 $285 was paid to Rafael in cash in full settlement of a debt of $300

May/June 2022

Naila had the following details at 31 August. Debit balance in cash book at 31 August: $\$449$ Deposits not yet credited: $\$424$ Cheques not yet presented: $\$175$ Interest wrongly charged by the bank: $\$10$ What credit balance appeared on the bank statement at 31 August?

May/June 2023

Waseem was given a bank statement. He noticed that the bank had charged interest twice by mistake, and that a dividend from an investment had been credited. He then brought the cash book up to date and drew up a bank reconciliation statement. In which record did he enter these two items?

May/June 2023

Waseem was given a bank statement. He noticed that the bank had mistakenly charged interest twice and that a dividend had been credited on an investment. Waseem then brought the cash book up to date and prepared a bank reconciliation statement. In which book did he enter these two items?

May/June 2023

A business has been sent a bank statement. The statement includes the entries shown below. Which of these items would be listed in the debit column of the bank statement?

May/June 2024

On 31 May, a business’s bank statement showed a credit balance of $1790. When the bank statement was checked against the cash book, the following items were found. The bank had mistakenly charged $35. Cheques not yet presented totalled $550. Deposits not yet credited totalled $250. What was the cash book balance?

May/June 2024

What would cause the cash book balance to be lower than the balance shown on the bank statement?

May/June 2024

A business bank statement showed a credit balance of $280 on 31 December. On that date, there were unpresented cheques totalling $312. A standing order of $20 had been recorded as $22 on the bank statement by mistake. What was the balance in the bank column of the cash book on 31 December?

May/June 2024

What could cause the cash book balance to be lower than the bank statement balance?

May/June 2024

A business bank statement recorded a credit balance of $280 on 31 December. On that date, cheques totalling $312 had not yet been presented. A standing order for $20 had been shown wrongly as $22 on the bank statement. What balance should appear in the bank column of the cash book on 31 December?

May/June 2024

At 31 January, Somraj’s bank statement showed a credit balance of $740. He then checked the statement against his cash book and amended the cash book after discovering these items: bank charges not entered in the cash book $30 cheque paid but not yet presented to the bank $150 What was the revised cash book balance at 31 January?

May/June 2025

A trader was checking his bank statement against the revised balance shown in his cash book. Some cheques had not yet been presented, and some deposits had not yet been credited. The bank statement contained no mistakes. He began to prepare his bank reconciliation statement from the credit balance shown on the bank statement. How did he calculate his revised cash book balance?

May/June 2025

Mary works as a trader. Her cash book shows a debit balance in the bank column. She has now received her bank statement and must bring her cash book up to date by entering the following items. 1. A credit customer, Sam, has paid off his account by means of a credit transfer. 2. Mary rents out part of her premises to Dennis, and he has paid his monthly rent by standing order. The bank balance is not overdrawn. What effect do these entries have on the bank balance shown in Mary’s cash book?

May/June 2025

At 31 January, Somraj’s bank statement had a credit balance of $740. He then reconciled the bank statement with his cash book and amended the cash book after noting these items: bank charges not recorded in the cash book: $30 cheque paid but not presented to the bank: $150 What was the revised cash book balance at 31 January?

May/June 2025

A trader’s bank statement recorded a credit balance of $2940$. The cash book had not yet included the following items: bank interest received $70$, credit transfer $280$. What was the debit balance in the cash book before it was updated?

Oct/Nov 2020

Eniola matched her bank statement for July 2020 with the bank columns in her cash book and supplied the details below. Overdrawn balance shown in the cash book at 31 July 2020 $3420 Direct debit payment dated 25 July 2020, not yet entered in the cash book $350 A cheque received from a customer on 12 July 2020 was dishonoured. This dishonoured cheque had still not been recorded in the cash book $665 Bank charges appearing on the bank statement had not yet been entered in the cash book $45 Unpresented cheques at 31 July 2020 $1290 Uncredited deposits at 31 July 2020 $410 Eniola is worried that her bank balance has fallen sharply over the last year. She is considering ways to improve her liquidity. Eniola’s financial year end is 31 July 2020. She provided the following details about the rent and rates of her business. On 1 August 2019, she owed two months’ rent totalling $900. On the same date, rates of $260 were prepaid up to 30 September 2019. During the year ended 31 July 2020 the following payments were made by credit transfer. 2019 August 1 Seven months’ rent $3150 October 1 Twelve months’ rates $1860 2020 March 1 Six months’ rent $2700

Oct/Nov 2020

Eniola matched the July 2020 bank statement with the bank columns in her cash book and gave the following details. Overdrawn balance shown in the cash book at 31 July 2020 $3420 Direct debit payment dated 25 July 2020, had not yet been entered in the cash book $350 A cheque received from a customer on 12 July 2020 was dishonoured. This dishonoured cheque had not yet been recorded in the cash book $665 Bank charges on the bank statement had not yet been entered in the cash book $45 Unpresented cheques at 31 July 2020 $1290 Uncredited deposits at 31 July 2020 $410 Eniola is worried that her bank balance has fallen a great deal over the past year. She is thinking about ways to improve her liquidity. Eniola’s financial year end is 31 July 2020. She gave the following information about the rent and rates of her business. On 1 August 2019, she owed two months’ rent totalling $900. On the same date, rates of $260 were prepaid up to 30 September 2019. During the year ended 31 July 2020 the following payments were made by credit transfer. 2019 August 1 Seven months’ rent $3150 October 1 Twelve months’ rates $1860 2020 March 1 Six months’ rent $2700

Oct/Nov 2020

In both the bank columns of a trader’s cash book and the bank statement, the balances were positive. When these were compared, the following discrepancies were found. Cheque not yet credited: $200 Bank charges not entered in the cash book: $10 What difference was there between the balance recorded in the bank column of the cash book and the balance shown on the bank statement?

Oct/Nov 2021

A standing order used to pay rent has not been recorded in the accounting records of a business. Which statement is correct?

Oct/Nov 2021

On 1 October 2021, a business’s bank statement showed a credit balance of $2690. By that date, cheques amounting to $850 had still not been presented for payment. What was the bank balance in the cash book on 1 October 2021?

Oct/Nov 2021

Both the bank column in a trader’s cash book and the bank statement showed credit balances. A reconciliation showed these differences: uncredited cheque $200 bank charges not entered in the cash book $10 What difference was there between the balance in the bank column of the cash book and the balance on the bank statement?

Oct/Nov 2021

Farouk sells goods on credit. A cheque issued by Khalid, who is a credit customer, was dishonoured by the bank. In what way should Farouk record this?

Oct/Nov 2021

On 1 September 2022, Jamal’s bank statement recorded a bank overdraft of $1460. On that date, the unpresented cheques totalled $385 and the uncredited deposits totalled $255. What was the balance shown in the cash book on 1 September 2022?

Oct/Nov 2022

On 1 September, Peter issued a cheque to John, his credit supplier. John entered this correctly in his books. On 10 September, the cheque was returned unpaid because there were insufficient funds. What entries ought to be made in John’s books on 10 September?

Oct/Nov 2022

On 1 September, Peter issued a cheque to his credit supplier, John. John recorded this transaction correctly in his own books. On 10 September, the cheque was sent back unpaid because there were insufficient funds. Which entries ought to be recorded in John’s books on 10 September?

Oct/Nov 2022

On 1 September 2022, Jamal’s bank statement showed a bank overdraft of $1460. At that time, cheques worth $385 had not yet been presented and deposits of $255 had not yet been credited. What was the cash book bank balance on 1 September 2022?

Oct/Nov 2022

On 1 September, Peter issued a cheque to his credit supplier, John. John recorded this accurately in his books. On 10 September, the cheque was sent back unpaid because there were insufficient funds. Which entries need to be made in John’s books on 10 September?

Oct/Nov 2022

MG has operated as a furniture manufacturer for several years. On 31 August 2022, the bank column in his cash book showed that the business had $25600 in the bank account. The bank statement on that date showed a credit balance of $24815. The only transactions recorded in the cash book were: Cheque paid to JW $680 Cheque received from TH $910 In addition, an error had been found. A standing order for rates of $205 had been entered in the cash book as $255. The only transactions appearing on the bank statement were: Dishonoured cheque received from RJ $420 Insurance paid by direct debit $110 Bank charges $75

Oct/Nov 2022

Alicia’s cash book showed a debit balance of $100 on her bank account. She checked the cash book against the bank statement and then brought the cash book up to date for the following entries. credit transfer to a credit supplier $80 credit transfer from a credit customer $112 bank interest paid $19 What debit balance was shown on the bank account after the cash book had been updated?

Oct/Nov 2023

The cash book records a bank balance of $1200. On the same date, the bank statement gives a balance of $1440. What might account for the difference?

Oct/Nov 2023

The bank column balance in a trader’s cash book stood at a debit balance of $520. The trader subsequently realised that the following items were absent from his bank statement. cheque not yet presented $80 cheque not yet credited $470 What balance appeared on the trader’s bank statement?

Oct/Nov 2023

Alicia’s cash book had a debit balance of $100 in her bank account. She reconciled the cash book with the bank statement and then adjusted the cash book for these items: credit transfer to a credit supplier $80; credit transfer from a credit customer $112; bank interest paid $19. What was the debit balance on the bank account after the cash book had been updated?

Oct/Nov 2023

The cash book records a bank balance of $1200. On the same date, the bank statement shows a balance of $1440. What might account for this discrepancy?

Oct/Nov 2023

Which statement about a bank statement is correct?

Oct/Nov 2024

At 30 June, the bank column in Farad’s cash book indicated an overdrawn balance of $2000. These items had not yet been recorded in the cash book. - standing order for rent: $200 - interest on bank overdraft: $50 - credit transfer from X Limited: $2900 What would the adjusted balance of the bank column in the cash book be at 1 July?

Oct/Nov 2024

On 31 October, a business bank statement showed a credit balance of $2690. By that date, cheques that had been issued but had not yet been presented amounted to $850. Calculate the bank balance in the cash book on 31 October.

Oct/Nov 2024

In the bank column of a trader’s cash book, the balance was overdrawn by $1200. After checking the cash book against the bank statement, the trader discovered that the following items had not been entered in the cash book: • bank charges $100$ • credit transfer $400$ • direct debit $60$ What balance was carried down in the bank column of the cash book once it had been brought up to date?

Oct/Nov 2024

Which statement is correct about a bank statement?

Oct/Nov 2024

On 30 June, the bank column in Farad’s cash book recorded an overdraft balance of $2000. The following items had not yet been entered in the cash book: - rent standing order $200 - bank overdraft interest $50 - a credit transfer from X Limited $2900 What was the adjusted balance in the bank column of the cash book on 1 July?

Oct/Nov 2024

Jenny operates a small trading business. On 29 February 2024, Jenny received her bank statement, which showed a credit balance of $1367. On that same date, the bank column in her cash book showed an overdraft balance of $1933. While checking the bank statement against the cash book, she noticed these entries on the bank statement but not in the cash book: February 26 M Stores, a credit customer, had paid by bank transfer $1900 26 Interest received $358 27 A cheque previously received from C Stores had been dishonoured $1121 28 Bank charges $125 28 A direct debit for electricity had been taken $290 These items were in her cash book, but they did not appear on her bank statement: February 23 A cheque paid to B Properties $1025 27 A payment by credit transfer to pay for rent and insurance $2300 28 A cheque received from a credit customer Y Traders was paid into the bank $792 After checking further, she found this mistake: A cheque made payable to D Sports $45 had been entered in the bank column of her cash book. The cheque had actually been drawn from her personal account to pay for her gym membership.

Oct/Nov 2024

Jenny operates a small trading business. On 29 February 2024, Jenny received a bank statement showing a credit balance of $1367. In her cash book, the bank column on the same date showed an overdraft of $1933. When she compared the two records, she found the following items on the bank statement but not in her cash book: February 26 M Stores, a credit customer, paid by bank transfer $1900 February 26 Interest received $358 February 27 A cheque that had already been received from C Stores was dishonoured $1121 February 28 Bank charges $125 February 28 A direct debit for electricity was taken $290 The following items were in her cash book but not on her bank statement: February 23 A cheque paid to B Properties $1025 February 27 A payment by credit transfer to cover rent and insurance $2300 February 28 A cheque received from a credit customer Y Traders was paid into the bank $792 During her checking, she identified the following error: A cheque payable to D Sports $45 had been entered in the bank column of her cash book. That cheque had actually been written from her personal account to pay for her gym membership.

Oct/Nov 2024

Once Lyn had obtained her bank statement, she brought her cash book up to date. Which of these entries would decrease the overdrawn balance shown in the cash book? 1. interest received from the bank 2. a credit transfer received 3. a direct debit payment

Oct/Nov 2025

Which document is sent out at set intervals to record the transactions carried out between a business and its bank?

Oct/Nov 2025

A standing order used to pay rent has not been recorded in the accounting records of a business. Which of the following statements is correct?

Oct/Nov 2025

On 1 March, the bank column in a cash book showed a credit balance of $290. In March, cheques with a total value of $580 were received and cheques amounting to $610 were issued to suppliers. Bank charges of $12, which had been incurred in February, were also recorded in the cash book. What was the balance in the bank column of the cash book on 1 April?

Oct/Nov 2025

On 31 March 2025, Zac’s bank statement showed an overdraft of $1665$, whereas the bank column in his cash book displayed a debit balance of $825$ on that same date. After checking, he found that the following items were listed on his bank statement but had not been entered in his cash book. The following items were entered in his cash book but were absent from his bank statement.

Oct/Nov 2025