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Problem 8-9

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In the cash column on the debit side, actual cash received is entered; the amount of the
discount allowed, if any, to the customer concerned is entered in the discount column.
Similarly, actual cash paid is entered in the cash column on the payments side and discount
received in the discount column. Also, the bank column on the debit side records all receipts
through bank and the same column on the credit side shows payment through bank.

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PROBLEM

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 BIBLIOGRAPHY

BOOKS

• R.K. Sharma, Shashi K. Gupta, Rahul Sharma; 2019: Business Studies and Management; Kalyani Publishers:
(19th Ed.); P. 59-92.
• Rajesh Kumar, DN Mishra, Rakesh Kr.; 2018: The elements of Business Studies and Management: CHSE-
ODISHA; P. 56-68
• Shashi K. Gupta, Rahul Sharma;2020: Business Studies and Management; Kalyani Publishers: (20th Ed.); P.
145-156

WEBSITES

• https://www.investopedia.com/terms/b/bankreconciliation.asp

• https://tallysolutions.com/accounting/bank-reconciliation-statement/

• https://corporatefinanceinstitute.com/resources/knowledge/accounting/bank-reconciliation/

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