ACCOUNT CH-5 BANK RECONCILIATION STATEMENT
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| Ch 5 Bank Reconcilation statement |
à Points to remember.
1. B. R. S. is prepared by trader (business men, A/c holder)
2. B. R. S. is a statement ,not an account.
3. It will be prepared with the help of bank column of cash-book and pass-book.
4. It will be prepared when closing balance of bank column of cash-book dose not tally with closing balance of pass-book.
5. Methods for preparing B. R. S.
5. Methods for preparing B. R. S.
aà Addition (+) and subtraction ( - ) method.
bà Debit and credit method.
6. Performa B. R. S. of………… as on ……..
No. particulars Dr. Cr.
Bank bal. or Bank 0/D as per C. B. or P.B.
1 Cheque deposited debited in C. B. but not credited in P. B.
2 Cheque deposited credited in P. B. but not debited in C. B.
3 Cheque deposited debited in C. B. now dishonored not credited in C. B.
4 Any amount directly deposited by our customer credited in P. B.
But not debited in C. B.
But not debited in C. B.
5. Cheque issue credited in C. B. but not debited in P. B.
6 Cheque issue debited in P. B. but not credited in C. B.
7 Any expenses like Bank charges, B commission, insu. Premium, paid
by bank on our behalf dr. by bank but not cr. In C. B.
8 Any income collected by bank on our behalf e. g. bank interest, dividend
etc. cr. In bank but not dr. In C. B.
9 Bills receivable discounted in bank, now dishonored. Dr in P. B. with
Noting charges, not credited in C. B.
10 Bills sent for collection, collected by bank on due date. Cr in P. B. not
Debited in C. B.
11 Bill payable paid by bank on our behalf debited in P.B. not cr. In C. B.
12 Amount overcasted in C. B. \ P. B. record on opposite side.
13 Amount undercasted in C. B. \ P. B. record on same side.
Bank bal. or Bank 0/D as per C. B. or P.B.
Important rule :
The amount which is not debited in any of the book debit in b. r. s. and the amount which is not credited in any of the book is to be credited in b. r. s. [Do what is not done]
à Give opposite effect, than given earlier.
Type of Questions:
when C. B. and P. B. both are given for same month.
Step I
Decide whether the cash book is having the balance or O/D as per follows
When cash book Dr.(receipt) side is greater it is known as balance as per C:B. and when cash book Cr. (payment) Side is greater it is known as overdraft as per C. B.
Step II
Step II
The above decided balance recorded in B.R.S. according to following.
CASH BOOK
| Dr. RECEIPT | PAYMENT Cr. |
| Balance as per cash book. Is on debited side | O/D. as per cash book. is on cr. Side |
PASS BOOK
| Dr. PAYMENT | RECEIPT Cr. |
| O/D as per pass book. is on debit Side | Balance as per pass book. is on credit side |
Step-III
Make the round on the transactions which are not same by comparing cash book debit side with
pass book credit side
And prepare B. R. S. according to Performa.
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