Summary Grade 12 IEB Accounting Notes – Reconciliations (Bank & Creditors)

These are detailed and easy-to-understand notes on Reconciliations, tailored for Grade 12 IEB Accounting learners. They cover everything you need to know for mastering one of the most tested topics in Accounting. The notes include: Bank Reconciliation concepts and steps Common reasons for discrepancies between the CRJ/CPJ and the bank statement Unpresented cheques, outstanding deposits, and errors How to adjust the Cash Journals and Bank Account Creditor Reconciliation statements Comparing supplier statements with the Creditors Ledger Worked examples with clear step-by-step explanations Past exam-style tips and mistakes to avoid These notes are based on the IEB Accounting curriculum and provide a solid foundation for both SBA tasks and final exams. Perfect for: Grade 12 students preparing for tests, prelims, or finals Anyone needing to revise reconciliations quickly and effectively Learners who want worked examples with clear layouts and logical structure Use these notes to master reconciliations with confidence.