17 - Bank reconciliation Learning Objectives: 1 understand the purpose of, and prepare, a bank reconciliation statement to include bark errors, uncredited deposits and unpresented cheques. 2 update the cash book for bank charges, bank interest paid and received, correction of errors, credit transfers, direct debits, dividends, and standing orders 3 understand the use and purpose of a bank statement Type-1 Question1. Class work Prepare Reconciliation Statement as on 31 March 18 for Mr. Rocky. Bank balance of CB $4800 1] Deposited $4 500 of which only $1 800 cleared. 2] Issued cheques of $15 000 of which only $4 500 presented 3] Bank charged $40 entered in bank statement only. Bank collected dividend $ 850. 4] Mr. Rahul directly received $ 7 000 from our account as per standing orders. 5] Cheques of $4 800 deposited not entered in the cash book by oversight. 6] Cheques of $7 500 issued not entered in the cash book. 7] Issued cheque of $ 1 000 dishonoured by bank. Mr.Rocky Bank Reconciliation Statement as on 31 March 2018 Details $ Reconciliation Statement