Bank reconciliation - Bank reconciliation 1 of 6 http/www.perdisco.com/elms/qsam/html/qsam.aspx Specialty Sports Store Practice Set Being completed

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Bank reconciliation http://www.perdisco.com/elms/qsam/html/qsam.aspx 1 of 6 17/05/2008 7:47 PM Navigation map You have currently completed approximately 43% of your Accounting Practice Set. We estimate that it may take you up to a further 11.5 hours of study time to complete this and the remaining Practice Set pages. This page of the Accounting Practice Set could take you up to 2 hours of study time to complete. These time frames are a guide only. It may take you more or less time to complete each step. Additional information To answer this question you may need the following information: Background information Bank reconciliation statement from last month New bank statement Transactions list Original information The information in the above links comes from the Bank reconciliation This practice set continues over multiple pages. Saving your position. If you want to save this practice set where you are up to and come back to it at a later time, click the bookmark button on this page to save your position and be returned to your home page. To re-enter the practice set at this page at a later time, simply click the link that you originally clicked to access this practice set. Please note that any answers you have entered on the bookmarked page are not kept with your bookmark. When you are ready, enter your answers and click submit answers . You will receive immediate feedback to everything you have attempted. You cannot go backwards once you have submitted a page. Instructions for bank reconciliation Identify any reconciling items and record the relevant reconciling items in the appropriate journals. The following are to be posted to ledger accounts daily: All entries affecting subsidiary ledgers All entries in the Other Accounts column of the cash receipts and cash payments journals Total the Cash at Bank columns in the special journals. Record the total in the bottom line of each journal. Post the total of the Cash at Bank columns in the special journals to their corresponding ledger account. To confirm that the posting has been performed, a posting reference is recorded in the last row of the special journals. Prepare the bank reconciliation statement as at 30 June. Please note that any answers from previous pages carried through onto this page (either on the page or in a popup information page) are the correct answers, not your particular answers. All answers can be entered as positive or negative numbers as required. Remember to enter all answers to the
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This note was uploaded on 03/03/2012 for the course ACCT 1501 taught by Professor Helen during the Three '09 term at University of New South Wales.

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Bank reconciliation - Bank reconciliation 1 of 6 http/www.perdisco.com/elms/qsam/html/qsam.aspx Specialty Sports Store Practice Set Being completed

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