A check of $500 was deposited, but it is not yet processed by the bank.However, the balance as per cash book as on 31st march 2021 is $2210. Cash Book Balance More Than BankĪBC Corp, has a balance of $2000 as per passbook as on 31st march 2021. 4 common illustrations of bank reconciliation statementsīefore deep diving into the practical examples of bank reconciliation statements, let’s go through a few terminologies which are used in a recurring way while explaining the examples: 1.
This statement helps ensure accuracy and consistency in financial records. Its purpose is to identify and reconcile any differences between the two balances. A bank reconciliation statement is a financial statement that compares a company’s bank account balance with its own accounting records.
