FNSACC311 Process Financial Transactions And Extract Interim Reports - Assignment Help

Assessment:

Part 1 – Bank reconciliation PART

1.1 – Carry out the Bank Reconciliation process

As the bookkeeper for Jane Lent’s business - Janes Design World - you are responsible for ensuring that all transactions are recorded for the current month and that the records balance. As part of this process you will need to carry out the monthly bank reconciliation. From the information provided for the month of February 2021, you will need to:
a) Complete Janes Design World Cash Receipts and Cash Payments journal’s using the information provided in the bank statement.
b) Total the Cash Receipts and the Cash Payments journal’s and post to the Cash at Bank general ledger account.
c) Prepare a Bank Reconciliation Statement as at 28th February 2021