Patricia Gabrelle L. Alfaro IV-BSMT Business Mathematics Lesson Plan Bank Reconciliation Statement I.

Objectives At the end of the 60 minute period, the students should be able to:

December 4, 2012 Mrs. Cecilia Tomista

1. Apply the rules in adjusted balance method of bank reconciliation. 2. Use the appropriate actions considering the debit memos, credit memos, deposit in transit, outstanding checks and errors in the checkbook and bank statement. II. Subject Matter Topic: Bank Reconciliation Statement Materials: Cartolinas, board and pen Reference: Business Mathematics a Complete Textbook and Workbook (author: Leila DP. Mejia) pages244-248 III. Instructional Procedure A. Routine Activities a. Greetings b. Prayer c. Checking of Attendance d. Checking of Assignment B. Activity What was our lesson yesterday? Right. So now, you are going to learn when we are going to add or subtract the money for proper adjustments. Again what records are being compared in bank reconciliation? What are the terms to consider in the bank statement? What do you think is the action that should be done with the deposit in transit? Right. Why do you think it should be added to the bank statement? Maam checkbook and bank statement. In bank statement, deposit in transit, outstanding check and errors should be considered. Maam add to the bank statement balance Maam because it is not yet recorded to the bank Maam it is all about checkbook and bank statement and bank reconciliation.

statement, it should be recorded and therefore be added to the bank statement. Right. Now, what should be done with the Deduct to the bank statement balance maam. outstanding checks? Right. What is the reason why you should deduct Maam since an outstanding check I are checks it to the bank statement balance? drawn and already given to the payee but not yet presented to the bank for payment, it should be presented to the bank and therefore should be subtracted o the bank statement. Good, explanation. Let us move on to the Checkbook balance. What are the terms to consider in a checkbook balance? Again what are those credit memos? Give me one example. What do you think should be done with those? Right. Why do you think so? Another example of credit memo? Right. Now what should be done with this memo? Why? Other examples? Correct. What should be done with this? Why? Maam credit memo and debit demo.

All notes receivable collected by the bank in favor of the depositor and credited to the account of the depositor. Maam it should be added to the checkbook balance. Maam since it is not yet recorded to the depositors account; it should be added to the checkbook balance. Proceeds of the bank loan credited to the account o the depositor. Maam, it should be added to the checkbook balance since it is credited to the account of the depositor. Matured time deposits transferred by the bank to the current account of the depositor. Added to the checkbook balance Maam because it is transferred by the bank to the account of the depositor. Maam it should be added to the checkbook balance.

So, What should be done with a credit memo? Right. Now, let us move on to the debit memo. What are the examples of a debit memo? Right. So what do you think is the action that should be done with a debit memo? Why?

No Sufficient fund Checks, No Good Check, Bank service Charge, Payment of loan Maam. Maam it should be deducted from the checkbook balance.

C. Analysis When are you going to deduct and subtract in a bank reconciliation statement? Add the credit memos to the checkbook balance, deduct the debit memos from the checkbook balance, add the total amount of deposit in transit to the bank statement balance, deduct the total amount of outstanding checks from the bank statement balance.

D. Abstraction The following are the rules applied in bank reconciliation 1. Add the credit memos to the checkbook balance. 2. Deduct the debit memos from the checkbook balance. 3. Add the total amount of deposit in transit to the bank statement balance 4. Deduct the total amount of outstanding checks from the bank statement balance. E. Application Write the letter of the correct answer. 1. Outstanding checks a. Add to book balance b. Deduct from book balance c. Add to bank Statement d. Deduct from bank statement 2. Bank service charge. a. Add to book balance b. Deduct from book balance c. Add to bank Statement d. Deduct from bank statement 3. Interest credited to bank account. a. Add to book balance b. Deduct from book balance c. Add to bank Statement d. Deduct from bank statement 4. Interest charged to bank account. a. Add to book balance b. Deduct from book balance c. Add to bank Statement d. Deduct from bank statement 5. Deposit in transit. a. Add to book balance b. Deduct from book balance c. Add to bank Statement d. Deduct from bank statement

1. d

2. b

3. a

4. b

5. c

6. Bank inadvertently charged your bank account for another company's bank fees. a. Add to book balance b. Deduct from book balance c. Add to bank Statement d. Deduct from bank statement 7. Bank erred by posting another company's credit memo to your company's bank account. a. Add to book balance b. Deduct from book balance c. Add to bank Statement d. Deduct from bank statement 8. Fee charged by bank for returned check. a. Add to book balance b. Deduct from book balance c. Add to bank Statement d. Deduct from bank statement

6. c

7. d

8. b

IV. Assignment Research on samples of bank reconciliation problem with solution.