Inventory valuation and bank reconciliation: N(A)-Level Principles of Accounts (SEAB 7086), covering valuing closing inventory at the lower of cost and net realisable value, updating the cash book, and preparing a bank reconciliation statement

An N(A)-Level Principles of Accounts (SEAB 7086) overview of inventory valuation and bank reconciliation: valuing closing inventory at the lower of cost and net realisable value under the prudence concept, updating the cash book for items the bank recorded first, and preparing a bank reconciliation statement for unpresented cheques and uncredited deposits.