This paper presents two Bank Reconciliation Exercises. Material supplied includes:
drafts of a cash receipt book
cash payments book; and
a format for the preparation of a bank reconciliation
The answers to the two bank reconciliation questions are also provided.
The preparation of a bank reconciliation is an essential task to be undertaken by the person responsible for the bookkeeping function in a small/medium enterprise. This paper will assist that person to fully understand the bank reconciliation process.
