The worked question on this page is original educational practice. It is not represented as a question from an official previous-year examination paper.
01 / UNDERSTANDING
Review the question
Write an original reconciliation exercise with one timing item and one omission. Require the reason for each treatment, since a matching total can conceal offsetting sign mistakes in the working. Supply a reconciliation that reaches the correct answer using two offsetting mistakes. Ask the learner to review each item independently and explain the proper direction. The task makes evidence and cause central, rather than accepting a matching final figure as proof of sound working.
02 / UNDERSTANDING
The concept in context
Reconciliation should identify the reason for each difference and avoid changing a correctly recorded amount merely to force agreement. The starting balance and viewpoint determine the direction of adjustments. Supporting documents help distinguish legitimate timing items from errors that need correction in the appropriate record.
03 / UNDERSTANDING
A worked learning case
A trader's cash book includes a payment that has not yet appeared on the bank statement. The statement also shows a service charge not yet entered by the trader. The reconciliation lists the unpresented payment as a timing item and records the missing charge through the appropriate bookkeeping adjustment.
ORIGINAL EDUCATIONAL PRACTICE
Try it before you check.
Should an accurately recorded unpresented payment be erased merely because it is absent from the statement?
Show the answer and reasoning
No.
The difference may arise because the bank has not yet processed a correctly issued payment. That timing item belongs in the reconciliation, while the underlying accurate entry remains. A separate omission, such as an unrecorded charge, requires its own adjustment based on evidence rather than forcing both records to match blindly.
Two traps to watch for.
- Reversing every unmatched item without investigating its cause.
- Applying adjustments without stating the starting balance and viewpoint.
YOUR TOPIC-SPECIFIC LEARNING MAP
Learn from the attempt
State whether reconciliation starts from the cash book or statement.
Separate the unpresented payment from the missing charge.
Trace each difference to supporting evidence before adjusting entries.
Explain the idea, apply it to a new situation, then check what changed in your reasoning.
BANKERS TUTORIAL · SOURCE NOTES
Keep the source alongside your notes.
Official links provide subject context and authoritative reference material. This guide’s explanation, scenario and question are original Bankers Tutorial learning content.
- iibf.org.in https://iibf.org.in/jaiib-junior-associate-IIBF
- iibf.org.in https://iibf.org.in/documents/RulesSyllabus/2026/FlagshipCourses/21%20-%20JAIIB-Final_Exam_24.07.25_Final_23.02.2026.pdf
- www.rbi.org.in https://www.rbi.org.in/commonperson/English/Scripts/PressReleases.aspx?Id=2123
For JAIIB preparation, check the current official notice before relying on changing dates, rules or examination requirements.
