Track 14 · Assessments
Account reconciliation test
Practical reconciliation tests: bank reconciliations, supplier statement reconciliations and receivables control accounts, with the corrections to post.
You will be able to
- Prepare a bank reconciliation and post the resulting cash book adjustments.
- Reconcile a supplier statement to the payables ledger and identify which side each difference belongs to.
- Reconcile a control account to its sub-ledger and explain an unreconciled difference instead of forcing it.
Included with a Formula Quest membership
A membership includes the worked examples, all 10 graded exercises and the full curriculum. The foundations track, the first ledger lessons and the Northstar Trading case stay free.
Content review: answers and figures are checked by automated tests against the accounting engine, and the text has had an internal review against the standards; independent review by a qualified accountant is pending.