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Cambridge IGCSE Accounting

3.3Bank reconciliation

Bank reconciliation in Cambridge IGCSE Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic34 practice questions2 lessons

Learning objectives

What the syllabus expects you to be able to do.

  1. 3.3.1Explain the use and purpose of a bank statement.
  2. 3.3.2Update the cash book for bank charges, interest, errors, credit transfers, direct debits and standing orders.
  3. 3.3.3Prepare a bank reconciliation statement with bank errors, uncredited deposits and unpresented cheques.
  4. 3.3.4Explain how digital transactions affect bank reconciliation.

Lessons

  • Bank reconciliation statements

    35 min

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  • Bank statements and updating the cash book

    30 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Bank reconciliation: sample question

1 mark

Starting from the updated cash book balance, how are unpresented cheques treated in a bank reconciliation statement?

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