Many of you who are still at the begining might be thinking why have I choosen this topic and not a more 'basic topic'...Well , in accouting most of the topics are very interdependent like for example , you need to know the sales and purchase day book entry in order to do control account . But bank reconciliation is unlike that . Its not interdependent on any topic and its not even a part of double entry - This is a very important distinction that must be made . In this entry the procedure to 'reconcile' the entries are given . I personally find it easier to have the procedure in my mind and then apply it on the question so this 'technique' , followed step by step eliminates chaotic approach which often the case in bank reconciliation statement .
Procedure for Bank Reconciliation
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