Accounting for IGCSE - Example 2 - Bank Reconciliation Statement

To get full conceptual clarity on Bank Reconciliation Statement along with a detailed solved example on the topic, watch the following 2 videos:

Answers to the MCQ (shown towards the end of the video):
1. B
2. B
3. C (200 + 440 - 290)
4. B (-1100 + 900 - 780 + 60 - 10)

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All topics ranging from the basic concepts of accounting to the day books and cash books, bank reconciliation, control accounts, year-end adjustments, financial statements of sole traders, partnerships, limited companies and non-profit organisations, correction of errors and interpretation and analysis using accounting ratios will be covered.

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[imowen]

Hello there, there also another kind of question style where they give sentences. And not the cash book and bank statement. Can you do a video for that?

[Aq_edits]

Sir can you discuss the questions on bank reconcilition but instead of a table there are statements. Please reply quickly i have exam tommorow

[AvacityXD]

Very helpful! I have my semesters tomorrow and this helped me a lot!. Than you very much!

[aishathshaaina]

Do you take online classes I'M SO WORRIED😥 MY TEST IS ON 13 TH DECEMBER AND I WAS IN QUARANTINE WHILE THE TEACHER TOOK THIS TOPIC. BUT I HAVE GOT AN IDEA FROM THIS VIDEO.THANKS😆

[kavyashah]

I don't quiteu understand why in the updated cash book you made the drawings credited $250 but the correct entry would be Drawings dr - Cash cr, the incorrect entry that was made was Drawings dr and Bank cr so shouldn't the rectified entry be Bank dr - Cash cr and not Drawings cr?

[aimalone]

Can u tell what is the difference btw Balance as per cash book / Balance as per bank statement(in brs) and how the brs is affected by this change?

[nazifanawer]

Sir, why is the balance in the BRS 390 instead of 190?

[rainb]

sir 🙋‍♂8:56 is the 1443 a negative because is the other video you said the bank overdraft is rewritten as a negative

[aliasgarhamid]

Hello!
Can you please explain me the 4th MCQ's answer. How can one know the direct debits before the bank statement arrives? Please hurry... My exams are next week

[indujayanair]

Hi, Can you please confirm the 1st and 2nd mcq..
1st mcq shouldn't the answer be b)bank interest credited
2nd mcq shouldnt the answer be a) bank charges
I am confused..please help!

[robloxprisoners]

Hey man. May you please do a question about incomplete records :)

[airful]

shouldnt MCQ 3 be D instead of C, how does the calculation provided give a credit balance at all?

[sultan-ltre]

in bank reconcilation statement does it always have to start from add: unpresented cheque ? or is it random, because i apply (-) uncredited first and i got the wrong answer
i need my reply thank you in 3 months exams hehe

[MuhammadUmer-osfl]

Sir, can you do more ques on bank reconciliation statement

[jailnet]

Hey sir, May you please rephrase the explanation of why the 200 is not appearing in the updated cash book.Thank you (3:06)

[shoaibamir]

Sir, I am not able to understand MCQ 1. Could you please help me sort it out?

[tanatswanyanhanda]

sir how is B the answer for one??may u please explain to me

[abialimerchant]

I liked subscribed and turned on notifications

[aishathshaaina]

4:53 but its a balance carry down i am confused at here