I really love how you simplify the topics you discuss, and yet still manage to provide such detailed essence. I’ve always been anxious about answering accounting problems, however, the way you explained everything lessened the pressure from my end’s perspective. Thank you so much, Sir A! I really appreciate this one.
Thank you, Sir A, for this video. This illustration makes it easier for me to comprehend how to tackle the problem quickly and locate the reconciling items.
I liked how this video was recorded. It makes me feel like I am learning inside a classroom. This was a great explanation and refresher about bank reconciliations.
Because of the detailed but briefly explanation of Sir A, I learned and improved my skills in answering accounting problem, thankyou for this lecture, Sir A!
This video helps me to familiarised more with the bank reconciliation and it helped me to recognize the reconciling items and how they were used in this illustration. Memorising the reconciling item isn't enough, so I should analyze the problem and be more cautious in answering a bank reconciliation.
The past video lectures helped me solve the problem easily because I could determine the reconciling items that are given in the problem. Thank you Sir A!
I am really grateful po that you explain the problem step-by-step and that you never get tired of reminding us of the definition of certain things like outstanding checks. You make answering accounting problems enjoyable. Thank you po!
This video lecture entitled as, “Bank Reconciliation Simple Illustration” broaden my capacity to answer problem solving regarding bank reconciliation. Additionally, step-by-step explanation made so much easy to identify whether each items should be considered as either under bank statement or book record. And with this video, I’m looking forward to bank reconciliation problem solving after the preceding videos and listening to prof. A’s precise discussion of the topic and I realized that as long as we have a firm grasp of the reconciling items and conduct a thorough analysis of the problem, we can solve it and go through it easier. Thank you for the learnings, prof A!
I think for me, having discussions like this is a great solution while we are still having online classes. Someone like me who’s a slow learner, these videos help me to visualize and to see step-by-step how to solve items. Problem Solving has always been intimidating for me, giving me anxiety every time I encounter it. But thank you for this video Sir A that I can pause and I can always go back to, whenever I forgot some points and need to understand all about it again. Teaching me requires a lot of patience and so this video is a great remedy for my anxiety as I learn about Bank Reconciliation. Thanks, Sir A! God bless you.
Thank you, Sir A, for providing this problem-solving exercise. It is very clear, simple to comprehend, and easy to follow. After watching this video lesson, my memory of the bank reconciliation and calculating the deposit in transit that I previously studied has been refreshed in my mind. I also accurately answered the question.
I was having a hard time and not confident when solving accounting problems and that leads me to doubt myself and lessen my confidence. I am grateful and amazed how Sir A discuss each of the problems and put it in an easier way just for us to understand it at full speed. Thank you so much, Sir A.
When the video started, from the get-go, you immediately told us that it would be easy, and it truly is. I find it very easy and got the correct answer on my first try. It is thanks to your effective teaching during the previous video discussions because when I was reading the problem, I was able to recall every key point that you pointed out during your discussion about bank reconciliation. Especially your tip about not memorizing the different reconciling items in which side they must belong, but rather, understanding their nature and it truly helps. When I was solving the problem, I used a different approach to get the deposit in transit item. First, I make two tables as you did, one for book records and the other one for bank records. Second, I was able to identify the reconciling items and easily put them in their corresponding column. Then, I solve for the adjusted book record and bank record at the same time, however, it still won’t match since the deposit in transit is still missing. After solving, the bank record is P1,500,000 which is less than the book record P1,650,000 and since we knew that deposit in transit item is an addition to the bank record, we need to identify how much more we need to add to the balance of the bank in order to equalize it with the book record. Therefore, I subtracted the book record from the bank record to arrive at the final answer which is P150,000. However, even though it was the same answer, I think I will also use the solution that you showed to us since I think it would be easier to use. Regardless, I was thankful that I have learned a new solution. Thank you, Sir A, for the practice problem, it helped a lot!
Sir A is to be appreciated for creating a simple representation of a bank reconciliation. It broadens my knowledge and provides me with a new perspective on balancing the books and bank statements. I'll look for a similar situation and try to solve it on my own. Sir A, thank you.
Initially, I was perplexed by the problem without thoroughly reading it, but eventually, I was able to calculate the deposit in transit. This instructional video taught me a method for effectively analyzing the problem by concentrating solely on the essential details. Thank you for providing an enlightening explanation, Sir A!
This video showed an effective way of answering a problem about bank reconciliations, specifically, computing for the deposit-in-transit. First, we identify and list all the important given and figures. Then we identify whether they are under Balance per book or Balance per bank. Since we know that these two should be balance, we’ll proceed to identify where deposit-in-transit belongs (which is balance per bank) and do the necessary computation to balance them, which will also give us the value of deposit-in-transit. This is actually similar to my initial computation of the problem and I’m quite happy with that because it means I learned something from the previous video lectures. AGAIN, this further shows that knowing and understanding the reconciling items is essential and is the key to having a smooth bank reconciliations. Thank you for this simple but really helpful illustration, Sir A! ♡
This video showed the importance of understanding and analyzing the problem first before solving it. The thorough explanation made it more simple, thus, easier to solve. Thank you po, Sir A!
In this video, I learned how to find and analyze if the one missing is a reconciling item. First, adjust the available adjustments, then identify the adjusted cash balances of the two (ledger and bank). Lastly, find the difference between the adjusted cash balance and amounts recorded to determine the balance of that particular reconciling item that is required to identify. Thank you, sir A!
Upon watching and answering the Video Lesson, It helped me to understand and solve problems in bank reconciliation step-by-step, correcting the mistakes I make, and ensuring that I am doing the right way of adjusting cash balances. I am thankful to you sir that even through an online setting, you provide great understanding and guidance through these. Thank you for the Video Lesson, Sir A!
Upon watching this video, I felt happy that I am able to answer the problem. Your lectures helped me a lot to understand this lesson more. Thank you, Sir A!
I quickly understood today's video lecture because of the explanation in the previous video which is the bank reconciliation and in addition to this I already knew about the reconciling items. thanks sir A!
I am so happy that I am able to learn and to know how to solve the problem given. This boosts my confidence that I can solve things more topics. Thank you Sir A!
I am happy that I was able to solve the problem and get the correct answer. This problem also helped me familiarize myself with the reconciling items. Thank you, sir!
Since it was helpful to concentrate on looking over and identifying the reconciling elements included in the provided picture, I was able to solve it successfully. Being taught in another video makes it simple to understand. It made it easier for me to address the problem and find the reconciling item.
This video helped me to understand furthermore some lessons that I am confused, but somehow because I am aware of the reconciling items listed in the problem, I was able to respond to it quickly. To reduce errors and ensure a smooth reconciliation, knowing your reconciling items is actually the best approach.
When it comes to problem solving in accounting, I'm always hesitant and confused about what to do but, with the help of the previous video, I was able to answer this problem confidently. Thank you for giving a concise explanation, Sir A!
I like this problem-solving video since it is simple and easy to follow. Sir A presents the problem and explains it in a simple and concise manner, without using any complicated jargon or going off on tangents. Furthermore, this video enhances my confidence in answering a problem, and I got the correct answer. Thank you very much, Sir A! for this interesting problem solving on bank reconciliation.
Through the example. I gain further insight into the process of computing bank reconciliation. Analyzing the situation is in my opinion, the most effective method for us to understand what the problem is all about. Thank you, Sir A, for explaining it to us in well detailed.
I already watched this video lecture before and with the help of the previous video lectures, I was able to answer and solve the provided exercise problem about bank reconciliation. Thanks Sir A!
Because of the previous video lecture about bank reconciliation i understand the problem and i learned how to compute it. its very important to know first the reconciling items so its easy for us to answer this kind of problem.
Thanks to the understandable and straightforward discussions, I was able to learn the steps on how to calculate bank reconciliation but as per sir A’s advice, memorizing reconciling items is not enough. I should also do better in analyzing problems so that I will get the correct answer in the future. Thank you sir A!
Solving this problem was fun for me, as it helped me to put all the theoretical concepts that I learned into practice. The thorough explanations and part-by-part discussions in the earlier videos really did enable me to answer this problem correctly. Thank you, Sir A!
I’m appreciative that this video allowed me to understand the bank reconciliation basic illustration. I was really terrified when I first noticed the problem that written on the white board I assumed it would be difficult to comprehend, but thankfully it is not, in fact it is simple, especially once you acknowledge the the difference between the book record and bank record. Thank you so much Sir A!!
Again, I used this video as a way to assess the learnings I got from the previous video. At first, I was anxious about whether I can get the right answer but fortunately, in the previous video, I learned how to properly analyze reconciling items and was able to find an answer. As I watch the video that the steps I did before match with the process sir A did in his video and learned that my answer is correct. Thank you, Prof A!
As I analyzed the problem or the transactions carefully, I'm happy that I was able to get the correct answer. This exercise helped me to find out if I really understand the bank reconciliation. Grateful for the illustrations and explanations that made my learning easier and simpler. Thank you for your insightful video lectures, Sir A!
With the help of the informative discussions, I was able to analyze and solve what is asked from the problem correctly. Just like what Sir mentioned, the problem given in this lecture was not on a difficult level so it's not as confusing as problems on a different difficulty level. I was happy that some of the things I'm doing when it comes to analyzing problems were mentioned in this video such as the selecting only which information should I focus on to solve the problem given. Thank you again for another detailed explanation, Sir A. I'm hoping that I could apply what I learned as I try to practice on more problems about bank reconciliation.
Because of the previous video lectures, I was able to apply my learnings in solving this problem. I had a hard time at first but I answered it. I’m grateful to you Sir A because you discussed the problem step by step and it was easy to understand. Thank you Sir A!
At first, it looked like a complicated problem, but after removing all unnecessary words, it really helped me understand it well. It clearly explains the solution step-by-step and the process of arriving at the answer. Thank you, Sir A, for this short but clear explanation.
An exercise lecture with a different approach; there were unknown accounting titles and account values added that should be done with the same method which kind of challenged my knowledge on bank reconciliation. However, with the help of Sir A's detailed explanation regarding this activity, it really helped me understand the process behind the answers more thoroughly and as smoothly as i have not expected myself. I have learned that despite the unknown phrases or titles in an accounting problem, learn to know its nature to have an idea and not read it as a whole. Advisable would be per word in order that no meaning will be left behind. Thank you for this, Sir A!
The example gave me a better understsnding about bank reconciliation. Thankfully, i got the answer, and it serves as a good practice for reconciliation problems to encounter. Thank you sir A!
Through the illustration given in the video, I was able to apply what I have learned in the previous videos about bank reconciliation. Since it was already explained clearly in the bank reconciliation videos, I didn’t have a hard time answering the illustration despite it being quite tricky because you need to find the deposit in transit instead of the usual illustrations wherein you need to find the adjusted cash balance. Thank you, Sir A! I’m looking forward to more videos like this.
I'm happy that I got the right answer. As soon as I saw the problem in the whiteboard, I immediately rushed to get my yellow pad and pen🤣. It was quite easy and fun. Thank you for this lecture, Sir A!
The example illustrated in the video helped me to visualize how to compute or solve a bank reconciliation statement. I answered first the given problem before watching the solving process, and I got the correct answer. Thank you, Sir!
This video clearly showed the importance of knowing the differences in reconciling items. It is explained in a very detailed way which is very helpful for me considering that I still get confused with this topic but somehow 'surprisingly' for me, I answered it right. Thank you, Sir A for a very informative video :)
This video helps me to more understand about how to compute and analyze the problem in Bank Reconciliation. You must know how to identify first the reconciling items in able to get the right answer.
Honesty, this is a brief and informative video. I was able to understand how to get the amount of the deposit in transit. I am grateful po sir! Thank u for this video, Sir A!
The example helps me to understand what a bank reconciliation statement is. I also got a correct answer because of explaining clearly every topic. Thank you so much Sir A!!!
I get anxious answering accounting problems to this day. The problem seemed complex, but my understanding improved as you expounded upon it. I attempted to solve it independently and arrived at my answer before continuing to watch the remainder of the video. I am grateful I was able to achieve the correct solution. Here is to hoping I can do so as well in the future. Thank you, Sir A, for the valuable lesson :)
By knowing the reconciling items, solving problems related to bank reconciliation becomes easier and less prone to errors. The previous video presentations were also helpful in improving problem-solving skills. I still had a lot of mistakes but I’ll keep on practicing. Thank you, Sir A!
We discussed this lesson already in my senior high but I didn’t understand it well that time. This time, thank you Prof A. for explaining the lesson well and I can follow easily.
I was first afraid by a subject since it seemed to be complex, but Sir A helped me realize that it wasn't as difficult as I had first thought by thoroughly discussing it. He did a very good job of explaining the use of bank reconciliation. Thank you Sir!
Considering it is shortened video, I am amazed by the fact that this illustration was easy to follow and the same time, easy to grasp the concept because of Sir’s step by step method, which where he removed all the unnecessary information and left the relevant part. It seems complicated at first but when you watch the rest of the video, it felt like you had already mastered the topic.
It is a great video exercise I tried to solve the problem before I continued to watch the video and I am so happy to have come to the same answer as you did sir. I can fully say that I have understood the lesson. Thank you sir A
As I read the problem, I was delighted that I was able to understand it and get the answer correctly. The way I solved the problem was the same way Sir A solved it, which made me happier. Thanks to the previously well-explained video lectures by Sir A, those are the reasons why I became knowledgeable enough about the topic of bank reconciliation. Hence, it is really important to analyze the problem carefully and know the reconciling items included in the book as well as in the bank to get the correct answer. I hope that if the problems become more difficult, I will still be able to answer them correctly. Thank you, Sir A!
Accounting problems like this are a bit overwhelming, especially once they're this long, but as Sir A discusses, I slowly got the hang of it. I was also able to use the concepts that were introduced before this video and the knowledge I gained. Thank you, Sir A, for explaining it thoroughly.
I was able to use what I had learned from the previous video courses to solve this problem. At first, I found it difficult, but I responded. I appreciate you, Sir A, for explaining the issue in an understandable and step-by-step manner. Thank you, Sir A!
The problem seemed intimidating at first but as I went through with the video, it became easiear and simpler through Sir A's explanations. Thank you Sir A for this video!
As a result of your excellent discussion of the topic Sir, I was able to get the right answer and with the precision with which you explained well the each step of the solution to the problem, I was able get more knowledge about the reconciling items. Thank you, Sir A!
At first, when I saw the problem I thought it was difficult to understand, but when Sir A explained it I understood it better and answered it correctly. Thank you for this simple yet specific explanation, Sir A!
I managed to answer the problem easily because I am aware of the reconciling items that are given in the problem. It is really the best way to know your reconciling items to minimize mistakes and have a smooth reconciliation. Thank you, Sir A.
For this video lecture I have learned and master about the different terms about bank reconciliation. Before watching this video I am not familiarize with the words like bank service charge, outstanding checks, and DAIF and how it affects the book and the bank balance. If I am going to add or deduct it on the bank and book, after watching the video it clears my minds. Bank reconciliation was hard for me to understand but it thought me a lot using the problem solving illustration.
This illustration of bank reconciliation in this video gave me an idea of what problems we will going to encounter and solve in the future. Before I play the video to see the answer, I answered it on my own first which thankfully is correct. The procedures I did was also the same as what you've done. This video also makes me feel the excitement of trying to solve more bank reconciliation problems. Thank you very much, Sir A!
This problem just emphasized how we should analyze the problem first before solving it. Doing that, I was able to get the correct answer. Thank you, Sir A for the thorough explanation!
Surprisingly, the technique of erasing some statement from the question and maintining the figures or value stated in the problem is also the technique I am using since senior high, and it really helps me to easily get the correct and accurate values in both sides (book and bank). So, I pause this video first for me to be able to answer the problem and I resume it after my computation. At the end of the video, I'm happy that we got the same answer, sir A! With that, thank you for this video.
The problem was very easy but also stimulating as I got to apply what I’ve learned so far in the past few videos. By classifying the transactions correctly, I had managed to find a solution very quickly using basic math equation. Thank you for this video Prof, and for also providing a detailed explanation.
This problem solving video has helped me to assess my strengths and weaknesses on problem solvings. In addition, this also helped me to master the lesson as this challenges my analyzation skills well. Thank you po
Before watching the video, I tried to answer it on my own. I’m happy that I got the correct answer, even though it took time before I figured it out. This problem tested my analyzation skills. Thank you, Prof A!
I paused the video and attempted to solve the problem on my own. Initially, I struggled because I wrongly analyzed the problem, but thankfully, I manage to correct it right away and was able to obtain the answer for the missing amount of the reconciling item. As a result, I finally end at an instance where the adjusted balance of the book and bank records equates the same amount. Even so, I persist to watch the whole video to ensure if my answer and understanding how to execute it is right. Overall, the prior bank reconciliation video discussions were really effective and useful at helping me solve this problem. As I had assumed that I wouldn't know what to do if I stumbled into a problem question, but surprisingly, in contrast, I just found myself making a two column and putting the amount on it designated side and easily figuring out it how it works. So, I want to thank Sir A for giving lessons that were clearly explained because it really stayed in my mind.
Thank you for this practice problem, Sir A! I am able to confirm that I understand how the reconciling item works. Also, the step-by-step analyzation of the problem helps me in getting the correct answer.
Thank you po for another example illustration of solving bank reconciliation with explanations of steps as it helped me a lot in identifying the answer. I actually challenged myself to answer it before starting the video and was happy that I was able to solve it correctly. Thank you po again, Sir A!
The video lecture provided a simple illustration of bank reconciliation, but the problem-solving presented required a deeper understanding of the topic. At first, I had a hard time trying to figure out how to solve the problem. But, with the help of the previous discussion and the course book, I was able to come up with the correct answer. This simple illustration was a great way to test my knowledge and understanding of bank reconciliation concepts. Thank you, Sir A!
It's easy to understand because it was taught in another video. It helped me to easily resolve and identify the reconciling item for this issue. This problem can be easily solved by drawing an illustration of a bank statement to identify what is missing and what is given. Thank you, Sir A. :))
Lengthy problems like these are intimidating at first, but as Sir A explained them, I was able to understand them better. Further, this simple illustration was a great opportunity to assess my ability and comprehension of bank reconciliation. Thank you, sir A.
The title speaks for itself - simple yet effective in testing my understanding and accustoming me to analyzing word problems. Based on my performance on this exercise, I can say that the previous lessons have paid off. My knowledge of the correct category of reconciling items and their effects has helped me solve this problem. I appreciate Sir A's effort in making the task easy to comprehend without sacrificing its quality. Thank you po!
I had to pause the video to analyze the problem by identifying first where the reconciling items belong (book or bank item). Then, I tried to solve the Deposit in Transit. And when I did, I was surprised that I got the correct answer. Thanks to Sir A’s effective discussions that assist me in carefully analyzing this simple reconciliation problem! Looking forward to the next video lectures I’m going to watch!
Thank you for this, Sir ir! Honestly, I'm having a hard time analyzing the problem in the books. It took me days to understand about the bank reconciliation, but teaching us with this simple problem really helped me understand how to solve it, especially, when one of the reconciling items is missing. In addition, showing how this problem is solved through this video makes the problem easier for the students to understand in more concise manner.
The previous lessons about bank reconciliation helped me to easily solve and identify the reconciling items in this problem, Its easier to solve tis problem by plotting the bank recon illustration and identifying what missing and whats given.
Wow, I got the answer in less than a minute by just looking up the reconciling items' figures and the unadjusted balance of both the book and bank statement. Knowing about and understanding the previous videos tackling reconciling items really help in making the problem solving easy.
Thank you, Sir A, for this simple bank reconciliation illustration. I remember you mentioned that when we are making the bank reconciliation satatement regardless of the method if its adjusted bank to book or book to bank we have to make two columns balance per book and balance per bank. Since this is the second time I've watched it, I tried to solve it on my own. Though I was a little confused, I was able to answer it this time.
Before actually reading the problem, I thought it would be confusing. But luckily, I was able to compute the deposit-in-transit quickly and got the correct answer. The video showed a technique of how to properly analyze the problem by only focusing on significant information and I realized that it’s similar to what I always do so I’m very happy with that discovery. Thank you for another fun and educational explanation, Sir A!
Before the video starts, I try to solve it on my own and fortunately got it right thanks to the clear discussions we have previously. However, I use a different way of solving it and learned here in the video that we have the right way to do it. This problem made me realize that with the right understanding of the lessons we can actually answer a problem and apply it, and also learn the proper way of solving it. Thank you so much Sir A for the effort of teaching this knowledge to us!
I grabbed my pen and notebook the moment I noticed the problem written on the white board. I made an effort to analyze and solve it, and then I watched the video to see whether my answer was correct. I'm glad I got the right answer! Here is when familiarity usually works over memorization. God bless you, sir A, and thank you!
After watching the first video about the theoretical bank reconciliation exercises, I was excited to try problem solving. And I was happy to apply what I learned in the previous lesson, so I answered the problem correctly. Thank you again, Sir A! for giving this kind of problem. I hope there are more problems like this for us to master the topic.
There is no better way to test what you have learned than applying it. With this video, I was able to put into test what I have learned from the past videos. Guess what? I got the right answer, yey! It feels so great knowing that I know how to apply what I have learned, thank you for another great video, Sir A!
I was able to correctly solve it since it was quite beneficial to concentrate on examining and finding the reconciling things available in the offered picture. I got it correctly since the previous video lecture made it much easier to understand and determine the reconciling item for this problem. Thank you, sir A!
This example simply demonstrated the need of first analyzing a problem before attempting to solve it. Being asked about the deposit in transit rather than the usual cash balance caught me off guard. Furthermore, it provides an outline of how problems will be encountered and solved in the future. I'm excited to learn more, and I appreciate your clear explanation, Sir A!
