Exercise 14: Performing a Bank Reconciliation

Exercise Overview

In this exercise students will get to grips with the very important task of performing a bank reconcilation, that is explaining the difference between the bank balance as reported on the bank statement and the bank balance as reported in the financial accounts of the business.

Exercise Instructions

To undertake this exercise, you will need to download and print the following documents in Microsoft Word and Microsoft Excel format. Importantly, a template is provided to assist you complete the exercise more easily.

The first document provides advice and explanation on how to perform a Bank Reconciliation.

For further explanation go to the web page for Bank Reconciliation Statement.