BANK RECONCILIATION STATEMENT
This book is brought up in accordance with the subject of Bank Reconciliation Statement. In this book, the subject matter is expressed in clear way so that each and every reader understand the subject easily. In the book, I clearly mentioned the reasons for differences in cash book and passbook with the help of example for each reason wise. I believe that with the help of this book, every reader gets the style and scope of answer which helps them in getting the understanding of Bank reconciliation statement. I wish that this book will win the heart of every user.
The main features of the book are simple understanding and key concepts.
This book begins with the Introduction to Bank Reconciliation statement (BRS), Need of BRS, most commonly used terms, reasons for differences in cash book and passbook, case study with solution in 4 ways with Bank reconciliation Statements and conclusion.
The most important topic and logic in this book is that Conclusion. Every user can surprise with the conclusion in this book which is telling the logic for adding or lessing the values to balance as per cash book or pass book i.e which transactions we have to add and as well as which transactions we have to less. With this information (conclusion), every user will be in a position to solve any BRS with 100% correct.
This book is useful to everyone in Accounts field like students, Accounts executives, Analysts etc… .
It is hoped that this will facilitate a better understanding of the subject matter.
I welcome any valuable suggestions regarding this book in a better and improved way. Suggestions will be incorporated in the subsequent editions.
CONTENTS
INTRODUCTION TO BRS
Importance or need to prepare BRS
Terms used in this chapter
Reasons for differences in cash book or passbook
1. Cheques issued but not presented for payment
2. Interest on investments collected by bank and recorded in pass book only
3. Bank interest credited in passbook only
4. Customers deposited the funds directly in to the bank
5. Cheques collected by bank and recorded in bank pass book only
6. Interest on debentures / bonds collected by bank and recorded in pass book only
7. Dividends collected by bank and recorded in pass book credit only
8. Wrong (excess) credit in pass book or cash book
9. Cheques deposited (paid) in to bank, but, not credited (cleared) in to pass book
10. Bank charges debited in pass book only
11. Cheque deposited in to bank, but, it was dishonored
12. Commission charged by bank in pass book debit only
13. LIC premium debited in pass book only
14. Promissory note amount paid by bank but not recorded in cash book
15. Interest on overdraft debited in pass book only
16. Received cheque from customer is recorded in cash book and forgot to send the same to bank
(Omitted to be banked)
17. Rent paid by bank, but, not recorded in cash book
18. Wrong (excess) debit in pass book or cash book
Case study and Solution
Conclusion
The main features of the book are simple understanding and key concepts.
This book begins with the Introduction to Bank Reconciliation statement (BRS), Need of BRS, most commonly used terms, reasons for differences in cash book and passbook, case study with solution in 4 ways with Bank reconciliation Statements and conclusion.
The most important topic and logic in this book is that Conclusion. Every user can surprise with the conclusion in this book which is telling the logic for adding or lessing the values to balance as per cash book or pass book i.e which transactions we have to add and as well as which transactions we have to less. With this information (conclusion), every user will be in a position to solve any BRS with 100% correct.
This book is useful to everyone in Accounts field like students, Accounts executives, Analysts etc… .
It is hoped that this will facilitate a better understanding of the subject matter.
I welcome any valuable suggestions regarding this book in a better and improved way. Suggestions will be incorporated in the subsequent editions.
CONTENTS
INTRODUCTION TO BRS
Importance or need to prepare BRS
Terms used in this chapter
Reasons for differences in cash book or passbook
1. Cheques issued but not presented for payment
2. Interest on investments collected by bank and recorded in pass book only
3. Bank interest credited in passbook only
4. Customers deposited the funds directly in to the bank
5. Cheques collected by bank and recorded in bank pass book only
6. Interest on debentures / bonds collected by bank and recorded in pass book only
7. Dividends collected by bank and recorded in pass book credit only
8. Wrong (excess) credit in pass book or cash book
9. Cheques deposited (paid) in to bank, but, not credited (cleared) in to pass book
10. Bank charges debited in pass book only
11. Cheque deposited in to bank, but, it was dishonored
12. Commission charged by bank in pass book debit only
13. LIC premium debited in pass book only
14. Promissory note amount paid by bank but not recorded in cash book
15. Interest on overdraft debited in pass book only
16. Received cheque from customer is recorded in cash book and forgot to send the same to bank
(Omitted to be banked)
17. Rent paid by bank, but, not recorded in cash book
18. Wrong (excess) debit in pass book or cash book
Case study and Solution
Conclusion
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