Lesson Plan – The Bank Reconciliation Statement General Objectives: Students will: 1. Account for differences between the cash book and bank statement balances. 2. Construct a bank reconciliation statement using the adjusted trial balance. Specific Objectives: Students will: Cognitive: 1. Demonstrate knowledge of the concept of reconciling bank statements. 2. Explain the reasons as to why your cash book and bank statement may not balance. Psychomotor: 1. Construct a bank
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BANK RECONCILIATION STATEMENT Introduction You have now learnt how to balance the cashbook and to find the balance of the bank account. In this chapter we look at the way in which a business deals with any differences between the balance of the bank account in the cashbook and the closing balance of the bank account shown by the bank statement for the same period. These differences are explained by a document known as bank reconciliation statement. The bank reconciliation statement lists
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Khairul Hasan Arif MBA‚ CMA ( Cont.) Editor Bank Reconciliation What Is Bank Reconciliation? The word “reconciliation” means to make two sets of amounts correspond with each other (i.e. make them equal to each other) by explaining why the two sets of amounts differ. Bank reconciliation is the process of matching and comparing figures from accounting records against those presented on a bank statement. Less any items which have no relation to the bank statement‚ the balance of the accounting
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the effects of uncollectable accounts receivable (bad debts) on the financial statements. To record Doubtful Debts applying the Percentage of Sales and Aged Methods. To understand the nature‚ purpose and process of bank reconciliations. To complete bank reconciliations over consecutive months. 2 1 Cash & Receivables For many organizations‚ cash and receivables are a significant assets. Given their significance‚ it is crucial that cash and receivables are managed and recorded
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information is available for reconciling the Bank Statement of Texaco Company on December 31‚ 2000. (1) Cash account in ledger on 31 December should a balance of tk 12‚761.96. The Bank Statement on the same day indicated a balance of tk 9‚734.70. (2) Cash receipts of 31 December worth tk5.846.220 has been mailed to the bank on that date but did not appear among the deposits in the bank statement. (3) The paid cheque returned with the December Bank Statement disclosed two errors in the company
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Bank Reconciliation Statements When are they necessary? When the closing balance in the bank column of the cash book is different to the balance on that date per the bank statement. Reasons for the difference. • Lodgements not yet cleared by the bank. • Cheques paid out but not yet presented to the bank. • Direct debits • Standing orders • Credit transfers • Bank charges • Dishonoured cheques. Bal. as per bank statement 875 Deduct Unpresented cheques
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How to Prepare a Bank Reconciliation Statement: To prepare the bank reconciliation statement‚ the following rules may be useful for the students: 1. Check the cash book receipts and payments against the bank statement. 2. Items not ticked on either side of the cash book will represent those which have not yet passed through the bank statement. 3. Make a list of these items. 4. Items not ticked on either side of the bank statement will represent those which have not yet been passed
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A Detailed Lesson Plan in Technology and Livelihood Education Wood Working/ Carpentry (Integration in Mathematics & Values Education) by: Edgar S. Penuela I. Objectives At the end of the lesson‚ the students will be able to: a. Discuss what is board foot; b. Have knowledge on how to solve board foot as a unit of measure for lumber; c. Solve problems involving measurement of board foot; and apply board foot measurement to real world situations. II. Subject Matter Measurement
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Lesson Planning A lesson plan is a daily plan usually written as an outline or detailed statement by the teacher for the purpose of teaching students‚ sharing with colleagues and following up the particular lesson/s in her/his classroom. SMART Lesson Plans The success of the lesson will depend to a great extent on how EFFECTIVE the lesson is planned. The teacher through using the SMART abbreviation given below can plan and write lesson plans that are effective. S = Specific: The aims
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A Written Sketch of Mini Lesson Plan Name Professor Institution Course Date (APA) Title: A Mini Lesson Plan on Figures of Speech Second language acquisition occurs unconsciously through important interactions by a natural conversation in the society. One is said to have acquired second language when he or she speaks a different language apart from one’s mother tongue. As a result of differences in cognitive development in specific individuals‚ people acquire and learn the second
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