Bank reconciliation statement
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Transcript of Bank reconciliation statement
BANKA Bank is a financial intermediary and money creator that creates money by lending money to a borrower, thereby creating a corresponding deposit on the bank's balance sheet.
The cash books are simple accounting books that are used to enter basic data about cash payments and receipts.
CASH BOOK & PASS BOOK
PARTICULARS AMOUNTS AMOUNTS
Balance as per Cash Book 200
Bank Reconciliation Statement as on Dec 31, 2003
Example sum of BRS , Pg. no.206
PARTICULARS AMOUNTS AMOUNTS
Balance as per Cash Book LESS: Cheques deposited but not credited by the bank 1,500
200
Bank Reconciliation Statement as on Dec 31, 2003
CASH BOOK PASS BOOK
100 100
(+) 1500 -
1600 100≠(-)
1. Cheques deposited but not yet collected by the bank Rs. 1,500
PARTICULARS AMOUNTS AMOUNTS
Balance as per Cash Book ADD: Cheques issued to Mr.Raju but not presented for payment 2,500
2,500
200
Bank Reconciliation Statement as on Dec 31, 2003
CASH BOOK PASS BOOK
3000 3000
(-)2500 -
500 3000(+)
≠
2. Cheque issued to Mr.Raju has not yet been presentedfor payment Rs. 2,500
PARTICULARS AMOUNTS AMOUNTS
Balance as per Cash Book LESS: Bank charges as per pass book 200 200
200
Bank Reconciliation Statement as on Dec 31, 2003
CASH BOOK PASS BOOK
500 500
- 200 (-)500 300
(+)≠
3. Bank charges debited in the pass book Rs.200
PARTICULARS AMOUNTS AMOUNTS
Balance as per Cash Book ADD: Interest allowed by the bank 100
200
Bank Reconciliation Statement as on Dec 31, 2003
CASH BOOK PASS BOOK
500 500
- 100 (+)500 600
(-)≠
4. Interest allowed by the bank Rs.100
PARTICULARS AMOUNTS AMOUNTS
Balance as per Cash Book LESS: Insurance premium directly paid by the bank as per standing instructions
500
200
Bank Reconciliation Statement as on Dec 31, 2003
CASH BOOK PASS BOOK
1000 1000
- 500 (-)1000 500
(+)≠
5. Insurance premium directly paid by the bank as perstanding instructions Rs.500
Assignment- go through the example sum
- do the exercise sum 1 & 2
- write any two cases of disagreement between
the balance shown by the cash book & pass Book