Bank Reconciliation (Grade 12 NSC Matric Accounting): Flashcards

Comparing business cash records (CRJ/CPJ) with bank statement

Record in CPJ as expenses when discovered during reconciliation

Record in CRJ as additional income

Cheques recorded in CPJ but not yet presented to bank

Deposits in CRJ not yet on bank statement due to timing

Reverse original CRJ entry & record as debtors control in CPJ

Cannot be processed until the date written on them

Over 6 months old, cannot be processed by banks

Bank statement balance

Debit and credit columns must balance exactly