Bank reconciliation and proof of cash

Three kinds of bank deposit

• Demand deposit

• Saving deposit

• Time deposit

Bank reconciliation meaning

Reconciling items

-Book reconciling items:

• Credit memos

• Debit memos

• Error

-Bank reconciling items:

• Deposits in transit

• Outstaning checks

• Error

Forms / formats of bank reconciliation

• Adjusted balance method

• Book to bank method

• Bank to book method

Two-date bank reconciliation

Proof of cash

Three forms of proof of cash