Bank Statement Reconciliation
A Grade 6 math worksheet focused on understanding and reconciling bank statements, including identifying transactions and calculating balances.
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Bank Statement Reconciliation
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Read each question carefully and answer to the best of your ability. Show your work where necessary.
A bank statement shows all the money that went into (deposits) and out of (withdrawals) your bank account over a period of time. Reconciling your bank statement means comparing it to your own records to make sure everything matches up.
1. What is the main purpose of a bank statement?
To show how much money you owe the bank.
To list all transactions (deposits and withdrawals) in your account.
To advertise new bank products.
To calculate your interest earnings.
2. Which of the following is considered a deposit?
Paying for groceries with your debit card.
Withdrawing cash from an ATM.
Receiving your allowance and putting it in your account.
Paying a bill online.
1. When money is added to your account, it is called a .
2. When money is taken out of your account, it is called a .
3. Reconciling your bank statement helps you find any between your records and the bank's records.
1. Sarah's bank statement shows a balance of $150. Her own record shows a balance of $175. She remembers depositing $25 that hasn't shown up on her bank statement yet. Does her bank statement reconcile with her records? Explain why or why not.
1. It is important to reconcile your bank statement every month.
True
False
2. Bank fees are usually listed as deposits on a bank statement.
True
False
3. David's bank statement shows an ending balance of $250. He has two outstanding checks: one for $30 and another for $15. He also made a deposit of $50 that isn't on the statement yet. What is David's actual available balance?
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