Investment Clubs Manual057 - 3 A receipt or payment may...

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Unformatted text preview: 3. A receipt or payment may have been made too late to appear on your bank smomom This will happen when receipts are banked just before the statement date or when a cheque has been issued but has not yet cleared. Vou should carry out a bank reconciliation. If you draw up a form like the one below and complete It each month It will assist In the preparation of accurate fig ures, as well as bringing glory on the treasurer and praise from the auditors! Bank Reconciliation as at: (date) BANK Balance as per statement {154.1 1 add: (Receipts not on statement) Company Two dividend £16.50 £170.61 less: (Payments not on statement) County Arms £87.50 ‘True’ balance at bank £83.11 CASH ACCOUNT Total receipts banked £2,394.91 less: Total payments £2.31 1.80 Balance £83.11 October 2008 so ProShare Investment Club THE MANUAL ...
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