Udemy

Platform

English

Language

Accounting & Bookkeeping

Category

Accounting 104 - Bank Reconciliation & Correction Of Errors

Learn to reconcile differences between the Cash Book & The Bank Statement, and Pass correction of error entries!

4.55 (26 reviews)

Students

1 hour

Content

Apr 2019

Last Update
Regular Price

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What you will learn

Students will be able to reconcile differences between the Cash Book & The Pass Book (Bank Statement)

Students will be able to identify errors & pass correction entries


Description

This course "Accounting 104 - Bank Reconciliation & Correction Of Errors" is Part 4 out of a series of courses that are designed to help the complete beginner (someone who has no knowledge of accounting) master the basics of accounting and move on step by step to becoming a professional accountant!   

The course is not just theory but takes real life examples and walks you through the accounting process. It is meant for students who would like to grasp the accounting concepts in an easy and fun learning environment.    

This is a slow moving course. Please do not expect me to move fast since it is designed for the beginner student. Those students who are already aware of accounting concepts should take a more advanced level course instead.   

In this course we are going to learn:   

  • Why do the balances in the Cash Book & Pass Book differ?

  • How to calculate the Adjusted Balance?   

  • How to make the Bank Reconciliation Statement?

  • Understand the types of errors in the accounting process:

    • Errors of Omission

    • Errors of Commission

    • Errors of Principle

    • Compensating Errors

  • Passing Correction Of Error Entries in the General Journal 

  • Get Awesome Practice in the process   

Having completed the entire series students of the proper age would be able to take up entry level jobs as Book Keepers and/or Accountants, however students would have to practice these concepts again and again externally so that they can grasp real world applications quickly.


Screenshots

Accounting 104 - Bank Reconciliation & Correction Of Errors
Accounting 104 - Bank Reconciliation & Correction Of Errors
Accounting 104 - Bank Reconciliation & Correction Of Errors
Accounting 104 - Bank Reconciliation & Correction Of Errors

Content

Introduction

Introduction

Bank Reconciliation

Why is Bank Reconciliation Needed?

How to prepare the bank reconciliation statement?

Calculating The Adjusted Balance

The Bank Reconciliation Statement

Self Practice Questions & Answers

Bank Reconciliation - Self Practice Question 1

Bank Reconciliation - Self Practice Answer 1

Correction Of Errors

Correction Of Errors

Bank Reconciliation - Practice Question 1

Correction Of Errors - Practice Question 1

Correction Of Errors - Practice Question 2

Self Practice Questions & Answers

Correction Of Errors - Self Practice Question 1

Correction Of Errors - Self Practice Answer 1

Conclusion

Conclusion


Coupons

DateDiscountStatus
4/14/2020100% OFFExpired

2327796

Udemy ID

4/18/2019

Course created date

11/20/2019

Course Indexed date
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