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Book To Bank Method

This document describes the book to bank method for reconciling a company's book balance with its bank balance. The method involves adjusting the unadjusted book balance to match the bank balance by adding outstanding checks and bank credits not recorded in the books, and subtracting deposits in transit and bank debits not recorded in the books. The formula for the book to bank method is the reverse of the bank to book method.

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Linamae Gonzaga
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379 views1 page

Book To Bank Method

This document describes the book to bank method for reconciling a company's book balance with its bank balance. The method involves adjusting the unadjusted book balance to match the bank balance by adding outstanding checks and bank credits not recorded in the books, and subtracting deposits in transit and bank debits not recorded in the books. The formula for the book to bank method is the reverse of the bank to book method.

Uploaded by

Linamae Gonzaga
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BOOK TO BANK METHOD

-adjust the unadjusted balance per book to arrive at the unadjusted balance per
bank because the balance per book is not given.
- the amount computed is not the same as in the balance sheet

FORMAT
Book balance, end of period P xxx
Add: Outstanding checks for the period xxx
Bank credits not yet taken in the
books xxx xxx
Total P xxx
Less: Deposit in transit for the period xxx
Bank debits for the period not yet
taken in the books xxx xxx
Bank balance, end period P xxx

NOTE: The formula of the book to bank method is the reverse of the formula of the
bank to book method.

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