Bank Reconciliation Statement Explained | FULL EXAMPLE
In this accounting lesson, we go through the Bank Reconciliation Statement. We explain what the Bank Reconciliation is, why we do it, the reasons for the differences between the Bank Statement and the Bank account in the business' books, and what to do with outstanding cheques and outstanding cheques from last month's bank reconciliation statement that did not appear in this month's bank statement.
We also go through a thorough example on how to complete the Cash Receipts Journal (CRJ), the Cash Payments Journal (CPJ), the bank account in the general ledger and how to close it off, and how to complete the Bank Reconciliation Statement.
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Пікірлер: 237
Perfectly explained! You did a terrific job! 100% recommended! Thank you so much!
@thandekamceleni8238
3 жыл бұрын
Thanks for the information... I just want to ask how do we rectify if there was an error cheque debited twice on Bank statement?
@user-dg8ct2ju4e
10 ай бұрын
@@thandekamceleni8238😂
You make accounting looks very simple, as a Unisa's student I don't feel like a distance learning student because of your channel, keep the good work up.
@thandolwethushongwe9756
Жыл бұрын
I'm also a unisa student . I use his vidoes all the time
Studying online has been difficult. Your explanation and demonstration has been a life saver.
@fredymaila
2 жыл бұрын
The guy is really good. You may also check a detailed Bank Reconciliation example after some explanations here. m.kzread.info/dash/bejne/l5t7srqFmdWylLw.html
@angokgarang6164
Жыл бұрын
Thanks I understand it very clear I appreciated you for helping me
This is superb. No Accounting student should fail Accounting. You are loud and clear as if you are a Grade 1 teacher trying to unlock the mind of a learner.
I finally understand this properly. Thank you ,will definitely recommend this channel to my classmate
just wow ........ i never knew there's this level of simplicity in accounting
I’ve never left an accounting class feeling this confident🔥
i never used to understand what a bank recon was but after this video,i want to do more and more examples.you make the best videos and im only passing because of your videos.thank you so much for the explanation.i literally tell all my accounting friends about your videos because they have helped me so much.may God bless you for your hard work.
I have a bank recon assignment due on Sunday and this helps so much. Can't believe you post this stuff for free, you are helping so many people!
@ksprincess2345
2 жыл бұрын
Al hamdulillah 34 years of success. Such an authentic and useful information for the clearance of your doubts. Specially for those who believe in QUALITY EDUCATION.👇 kzread.info/dash/bejne/X2mtj5OqpqjJnZs.html
Where were you when I was in grade 10😭 you are a life saver my God bless you
Wow this was thoroughly explained. Now I understand the Bank Recon Statement procedure. Thank you.
Thank you so much. You have given me the enthusiasm and love for accounting I was missing. I now see accounting as a great challenging and interesting rather than something to fear
@Counttuts
4 жыл бұрын
Glad to hear that. Thanks for the feedback :)
This is an excellent video to recap on how to do a Bank Reconciliation! Thank you so much! I understood everything as you explained it so well👏👏👏
You were born to teach my brother your video is making accounting look easy.
Wow... For someone who last did accounting in 2010, you explain it so perfectly.. Thank You and God bless You for this beautiful job your doing.
I am such a big fan of your videos, the calm tone of voice and the way of explaining are amazing. Real professional
@Counttuts
4 жыл бұрын
Thank you for the kind feedback. Appreciated :)
The only accounting lesson I watched without napping
This was well done, thank you so much for the help 🙏
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You really good at what you doing,thank you.❤
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iyhoo you just helped me understand accounting,i highly recommend your channel. i think i'll start visiting this channel more regularly. THANK YOU SO MUCH
Wooow thank you man This video will definetely help for my accounting exam tommorow. thank you once again
Wow Amazing, i have been struggling with this for ao long now thank you
Wow thank you .I have an exam tomorrow n am gonna nail it.........I have watched most of ur videos,you r really doing an amazing job
You make it easy and simple to understant, thankyou very much for this explanation it really helps me a lot.
Everything makes sense, tank you so much. Now i have confident to prepare the bank reconciliation statement
Very helpful. clear explanation, I highly recommend it. Thank you
this has made my day am very happy very simple and easy to go through
KZread should recognize your excellently presented video. S.O from RSA Limpopo and keep on uploading relevant content!!!!!
Thank you so much i was lost in the class but now I'm the best in my class with the bank reconciliation ❤❤ thank you once again keep it up a good work sir you are much appreciated in this side
Thank you very much for simplifying it and I'm looking forward to more accounting content. Danko
Thank you, U really help me out with the bank reconciliation statement.
Thank you for everything. ❤️ You're the best 💕
This is the best explanation of bank recon ! Thank you !
I would love to thanked you for making this video😭😭😭😭 this is by far the best explanation video ever! it helps me a lots tbh 💓. Thanks!!!
🤓🤓🤓🤓words cant explain hw u juc bcame my everyday textbook i feel relieved to know i can rely on your teachings 🙈🙈i cant believe i have upgraded in my studies i give you my salutations
Writtin on Wednesday you're helping us soo much may God bless you
Thank you so much. I hope to ace my accounts exams. You have taught us well
Fantastic delivery. Thank you.
Thank you for these videos ❤️ Not all heroes wear capes.
Have really understood this. Thanks and be blessed
This was perfectly explained ..Thank you
Great explanation im glad i saw this before my acc exam
This is a good tutorials on bank reconciliation,keep the fire burning
Thank so much. You're a life saver❤️
Thank you...its 2021...and u helped me sooo very much!!!!!!🙏
you saved me bro...thanks for using an example frm kenya...my home
This has really helped me a lot...i give it a 100%,thank you so much
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Ohh wow! Awesome. Great lesson indeed 🙏
Thanks for the teaching I really got to understand more
Perfectly done!!
beautifully done, thank you so much for the video
@Counttuts
4 жыл бұрын
Hello Dakalo, Thank you for the kind feedback :)
Beautifully done, thanks.
Thank you very much for your videos, they are really helpful. Can you upload one about Financial Instruments, please.
As a student-teacher, these videos help a lot. thank you for these informative videos
@ksprincess2345
2 жыл бұрын
Al hamdulillah 34 years of success. Such an authentic and useful information for the clearance of your doubts. Specially for those who believe in QUALITY EDUCATION.👇 kzread.info/dash/bejne/X2mtj5OqpqjJnZs.html
@joshoaaquinoterrado105
8 ай бұрын
Awarding bank secret...........
Thank you soo much! Well explained
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Thank you very much..so simple and clear
This is so detailed ♥️.
NEW SUBSCRIBER...AND THIS IS PERFECTLY EXPLAINED AND DEFINETELY WORTH RECOMMENDATIONS AND SHARING... KEEP UP THE GOOD WORK MY BROTHER
You're amazing I will pass my Acc because of you.💖🙏
Thank you bro🤞🏽really helped
thoroghly enjoed this lesson . very helful
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Super helpful💯..thank you for this
Thank uu so much.... Explained it a lot better than my teacher did😹💙
Very well elaborated! Thank you. The illustration looks like a Kenyan question but the accent is South African haha (on a light note)... Thanks again!
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Very well explained!
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You are doing a great work thanks
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Well explained God bless you so much
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Awesome.. clear explanation.
Very helpful. Thank you.
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@Counttuts
4 жыл бұрын
Thank you Mongezi.
@morristom100
Жыл бұрын
Z
Very helpful...thanks much
so helpful and well understood
Once again thank you ❤️❤️
Thanks for the thorough explanation. However, You lost me you did the actual example. I will watch again. As I do reconciliation book vs bank then journal entries for the reconciling items on the book side. I might watch again. Good job on the explanation for what might cause the differences between book and bank.
Waooh,very educative sessions,its agood refresha course
Well explained ,thank you
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Perfectly explained.
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@Counttuts
4 жыл бұрын
You are welcome.
I finally understood I'm writing soon and this video really helped me thank you😊👌
@Counttuts
2 жыл бұрын
All the best
Thank you well explained
thank man you are better than my teacher
helped me immensely
Best explanation ever❤❤