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  • Bank Reconcilation Statements

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    surpal
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    Bank reconciliation statements match the balance in a company's cash book to the balance in its bank passbook. Items that cause differences between the two balances include cheques that have been issued but not yet presented or deposited cheques not yet credited by the bank. The reconciliation statement lists additions and subtractions to the cash book balance to arrive at the reconciled balance per the bank passbook. It follows a standard format of listing additions, subtractions, and the resulting reconciled balance.

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    Bank reconciliation statements match the balance in a company's cash book to the balance in its bank passbook. Items that cause differences between the two balances include cheques that have been issued but not yet presented or deposited cheques not yet credited by the bank. The reconciliation statement lists additions and subtractions to the cash book balance to arrive at the reconciled balance per the bank passbook. It follows a standard format of listing additions, subtractions, and the resulting reconciled balance.

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    7 views3 pages

    Bank Reconcilation Statements

    Uploaded by

    surpal
    Bank reconciliation statements match the balance in a company's cash book to the balance in its bank passbook. Items that cause differences between the two balances include cheques that have been issued but not yet presented or deposited cheques not yet credited by the bank. The reconciliation statement lists additions and subtractions to the cash book balance to arrive at the reconciled balance per the bank passbook. It follows a standard format of listing additions, subtractions, and the resulting reconciled balance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 3

    https://www.youtube.com/watch?

    v=BANO9OY4KTU

    https://www.youtube.com/watch?v=iPSkSXj8aDk

    Bank reconciliation statements is the statements which macth the balance as per cash book
    and as per pass book.
    In cash book – Debit - +
    Credit –
    In passbook – Debit- -
    Credit -+
    In every situation start from balance as per cash book and ending with balance as per
    passbook and viceversa.
    Payments side of cashbook undercasted : Less
    Payments side of passbook undercasted : Add
    Receipt side of cashbook undercated: Add
    Receipt side of passbook overcaste:Less
    Cheques isueid but wrongly recorded (-
    Format of BRS

    Add(+
    Particulars ) Minus(-)
    Balance as per cash book (A)    
    Add: Cheques issued but not
    presented(B)    
    Any Increase in Bank
    - Wrong credit by banker
    - Debtors directly paid into
    bank
    - Wrong credit by banker
    - Collections by banker as per
    customer standing instruction    
     Total (B)    
    C ( Total A+B)
    Less: ( D)    
    Cheques deposited but not credited
    by bank    
    Dishonoured cheques appeared in
    passbook but not entered in cashbook
    Bank charge as per passbook
    Wrong debit by banker    
    Payments as per standing
    instruction
    ( total – D)
    Balance as per passbook ( C - D)    
    All the items which earlier added will now be subtracted, all the items will earlier substated and now
    added.

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