Side,Item,Amount,Action
Bank,Statement closing balance,10000,Starting balance
Bank,Deposit in transit,1200,Already recorded - check subsequent clearance
Bank,Outstanding payment,-800,Already recorded - check subsequent clearance
Bank,Adjusted bank,10400,Compare with adjusted books
Books,Ledger closing balance,10150,Starting balance
Books,Customer receipt,300,Debit Bank and credit receivable if supported
Books,Bank fee,-50,Debit Bank fees and credit Bank
Books,Adjusted books,10400,Compare with adjusted bank
Difference,Bank less books,0,No unexplained difference in this teaching example