Chapter 10
Cash Controls
308
Compare the items on the October bank statement to the October general ledger and the September
bank reconciliation. The green check marks, in Figures 10.24 and 10.25, indicate that the item
on the bank statement matches an item from the ledger or September’s bank reconciliation. As
shown in the Figure 10.26, only the items without a check mark need to be included on the bank
reconciliation for October.
HR Clothing
Bank Reconciliation
October 31, 2016
Ledger
Bank
Balance as per records
$5,800
$5,045
Add: Outstanding Deposit
900
Less: Outstanding Cheques
Cheque #64
(820)
Cheque #66
(320)
Cheque #67
(410)
Add: EFT Deposit
300
Less: EFT Rent
(1,300)
NSF Cheque
(200)
NSF Fee
(15)
Service Charge
(10)
Error on Cheque #63
(180)
Reconciled balance
$4,395
$4,395
______________
Figure 10.26
