Can you balance the books?
Here's a short example of the kind of real-world accounting practice you'll find inside the Academy. No account needed, and no pressure to get it right on the first try.
3-minute practice · Bank reconciliation
Meet the situation
You are reviewing cash at month-end. Your bank statement and your company's general ledger show different balances. You find the following items:
Bank statement
Ending balance$13,040
Deposits in transit (add)$1,200
Outstanding checks (subtract)$1,800
Company cash ledger
Ending book balance$12,450
Bank service charge (subtract)$35
Interest earned (add)$25
Now it's your turn
Adjust each side using the listed items. The two adjusted balances should agree.
This is a fictional learning exercise; it is not a scored certification exam.
This is only a preview
Imagine what you can learn in a full program.
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