Bank Reconciliation Statement
Presentation
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Other
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11th Grade
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Practice Problem
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Medium
Saba Ansari
Used 48+ times
FREE Resource
8 Slides • 3 Questions
1
Bank Reconciliation Statement
2
Multiple Choice
Cash Book is prepared by ........
Bank
Company
3
Multiple Choice
Pass Book is prepared by.............
Company
Bank
4
Multiple Choice
When Cash book Balance and Pass book balance differs, what is prepared?
Bills of Exchange
Bank Reconciliation Statement
5
Bank Reconciliation Statement
A Statement showing reasons of differences in Cash Book and Pass book.
Records only those transactions which are not recorded in any one book
6
Recorded in Cash book not recorded in Pass Book
Cheque issued not yet presented /up to the date of BRS
Cheque received not yet deposited/ up to the date of BRS
Cheque deposited not yet cleared/ up to the date of BRS
Amount under casted/over casted in cash book
7
Recorded in Pass book not recorded in Cash Book
Bank Charges
Bank interest
Insurance premium/any other expense paid by bank
Money collected by bank from customer(Bills of Exchange)
Customer paid money directly to bank
Amount wrongly debited/credited by Bank
8
Methods of preparing Bank Reconciliation Statement
9
Methods
(1) Starts from Balance as per Cash book, ends to Balance as per Passbook
(2) Starts from Balance as per Passbook, ends to Balance as per Cash book
10
(2) Starts from Balance as per Passbook, ends to Balance as per Cash book
we need to bring balance of passbook upto the amount of balance as per Cash book
e.g. Balance as per passbook is 80,000 and balance of cashbook is 70,000,
We need to bring 80,000 upto 70,000 by posting transactions
11
Transactions to be posted in Bank Reconciliation Statement (2) Method
Remove all Passbook entries (posted in passbook not entered in cash book)
Record all Cashbook entries ( posted in cashbook not entered in pasbook)
Bank Reconciliation Statement
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