Bank reconciliation and illustration

Assalamualaikum and dear students

This is an additional notes for bank reconciliation. I also include a video explaining what it is all about. The example I used for the explanation can also be downloaded using the link provided below. Should you have questions regarding the bank reconciliation, drop me a line and I will try my best to assist you.

Exercise for an example

Powerpoint notes for bank reconciliation

Multi-product Cost Volume Profit Analysis

Here is a good video taken from CIMA P1. Take a look at it as it benefits you. You may find it quite boring but if you like the topic I'll bet you won't miss it.

Assignment - ACC1231 and BUS1233

Assalamualaikum and dear students,

At last, the assignment that you are waiting for is here! Well, I guess you are anxious to do it, I bet you are!

So, get into a group of minimum 2 to a maximum 4 person per group. Submission date will be 8 October 2018 by 5pm. You may trash it if you submit later than the required date.

Good luck!

Press this link for the question....

The Assignment

DOM2234 - Exercise - Bank Reconciliation

Assalamualaikum and dear students,

Attached is the bank reconciliation exercise. Just keep on practising for your final exam. Do tell me the answer as I haven't got the time to do the answers...It is fresh from the oven!

Exercise - Bank Reconciliation - Facta Training Centre

DOM2234 - Bank Reconciliation Exercises

Assalamualaikum and dear students,

Attached is the bank reconciliation exercise for you to attempt. DOWNLOAD this and we shall discuss in class.

DOM2234 - Section 1 Mon-Wed 0800-0925 to discuss on Monday 26 February 2018

DOM2234 - Section 2 Mon-Wed 1100-1225 to discuss on Wednesday 21 February 2018

DOM2234 - Section 3 Tue-Thu 1530-1655 to discuss on Thursday 22 February 2018

DOM2234 - Exercise - Bank reconciliation - Kelas Pagi Enterprise

BUS1233 & ACC1231- Cashbook and Bank Reconciliation Revision

Assalamualaikum and dear students,

Attached are the exercises for the above topic. As for BUS1233 (the DBA students), it is compulsory for you to attempt this and for ACC1231 (the DIA students) you are encourage to participate.

Next week we will drill to far more exciting topic for your coming exam.

Bank reconciliation - WestPac

Cashbook - Yoda the Jedi Master

So happy studying!

ACC1231 & BUS1233 - Revision - Bank Reconciliation

I'm using the same filename. The bank reconciliation exercise can be found at page 2. Happy for you to try those....

road-to-final

ACC1231&BUS1233 - SELF LEARNING ACTIVITIES (WEEK 13 - 9 OCT - 13 OCT 2017)

This is a bank reconciliation exercise for you. Print this and we shall discuss this in class. If time permits, I will post other exercises....

SELF LEARNING ACTIVITIES – WEEK 13 (9 Oct – 13 Oct)

So enjoy this song before attempt this question....

ACC1231 - Bank Reconciliation

Assalamualaikum dear students

As promised, I've posted a bank reconciliation exercise for you to do. Please download this and try this on your own. I would like you to participate for this exercise and we shall discuss this further during the class time.

Item #1.	The bank statement for August 2016 shows an ending balance of $3,490.
Item #2.	On August 31 the bank statement shows charges of $35 for the service charge for maintaining the checking account.
Item #3.	On August 28 the bank statement shows a cheque return of $100 plus a related bank fee of $10. The return cheque is a customer's cheque that was returned because of insufficient funds.
Item #4.	The bank statement shows a charge of $80 for cheque printing on August 20.
Item #5.	The bank statement shows that $8 was added to the checking account on August 31 for interest earned by the company during the month of August.
Item #6.	The bank statement shows that a note receivable of $1,000 was collected by the bank on August 29 and was deposited into the company's account. On the same day, the bank withdrew $40 from the company's account as a fee for collecting the note receivable.
Item #7.	The company's Cash account at the end of August shows a balance of $967.
Item #8.	During the month of August the company wrote cheques totalling more than $50,000. As of August 31 $3,021 of the cheques written in August had not yet cleared the bank and $200 of cheques written in June had not yet cleared the bank.
Item #9.	The $1,450 of cash received by the company on August 31 was recorded on the company's books as of August 31. However, the $1,450 of cash receipts was deposited at the bank on the morning of September 1.
Item #10.	On August 29 the company's Cash account shows cash sales of $145. The bank statement shows the amount deposited was actually $154. The company reviewed the transactions and found that $154 was the correct amount.

As for BUS1233 you are also encourage to try this as it is also relates to you. (But in different perspective)

InsyaAllah i will try to post more question if time permits....

BUS1233 & ACC1231 SELF LEARNING ACTIVITIES – WEEK 7 (28 Aug – 30 Aug)

After cashbook, we proceed with bank reconciliation. During my lecture, I have explained in detail why we need to do this activity every month at the end of the month. You should also understand some banking terms such as cheque issued, cleared, unpresented, uncredited, interest, standing order, bank charges, bank transfer, GIRO etc. Those terms not only be appearing in your exam but you will be experiencing when you possess a checking account. Worst, if you are handling an account department, then it will be part of your life. Not only managing your cashbook, you will also managing your company's cashflow.

Here is some notes for the bank reconciliation..

 

and here is another..

See? How simple it is...

As usual...