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Hi,
Just a small bit of advice,
I had completed this assignment and failed due to the book being incorrect. The example before the assignment shows I had to prepare a bank reconciliation that left the bank charges and direct debits to be added back, and also the cheques to be taken off.
I spoke to Ideal schools who advised me it had been changed. Basically you have to produce a 'T' account headed 'cash book update' to make any corrections and post any outstanding Direct Debits/Standing orders at the end of the month. The updates are identified by comparing the cash book on page 23 with the bank statement on page 24.
Once the cash book is up-to-date you should prepare the bank rec, using the new balance. The only amounts that need to be incorporated in the bank rec would be any outstanding cheques.
I hope this helps, but i will also add that when I phoned Ideal school, I spoke to scot and he was very good at explaining the assignment. If you really are stuck i would advise phoning them for some advice :)
(I hope I have helped, if you want my e-mail it is hddn1987@live.co.uk. I am currently studying level two as well and I am soon to sit my mock exams)
Thanks,
Hayley :)
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