Bank Reconciliation Statement
Commerce ⇒ Accountancy
Bank Reconciliation Statement starts at 11 and continues till grade 12.
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A business has a cash book balance of ₹15,000. Cheques of ₹5,000 issued have not been presented, and cheques of ₹3,000 deposited have not been credited. What is the balance as per pass book?
A business has a cash book balance of ₹8,000. Cheques of ₹2,000 issued have not been presented, and bank charges of ₹500 are not yet recorded in the cash book. What is the balance as per pass book?
A company’s cash book shows a balance of ₹25,000. Cheques of ₹3,000 issued have not been presented, and cheques of ₹2,000 deposited have not been credited. What is the balance as per pass book?
A company’s pass book shows an overdraft of ₹5,000. Cheques issued but not presented amount to ₹2,000, and cheques deposited but not credited amount to ₹1,000. What is the overdraft as per cash book?
A firm’s cash book shows a balance of ₹20,000. Bank charges of ₹500 and interest credited by bank of ₹1,000 are not yet recorded in the cash book. What is the adjusted cash book balance?
Describe the steps involved in preparing a Bank Reconciliation Statement.
Explain the difference between 'cheques issued but not presented' and 'cheques deposited but not credited'.
Explain the effect of 'cheques deposited but dishonoured' on the balances of cash book and pass book.
Explain the effect of 'direct deposit by customer' on the balances of cash book and pass book.
Explain the meaning of 'unpresented cheques'.
Explain the need for preparing a Bank Reconciliation Statement.
Explain the treatment of 'cheques deposited but not yet credited' while preparing a Bank Reconciliation Statement.
Explain the treatment of 'standing instructions' given to the bank for regular payments while preparing a Bank Reconciliation Statement.
If the balance as per cash book is ₹10,000 and a cheque of ₹2,000 issued has not yet been presented, what will be the balance as per pass book?
List any two errors that may be committed by the bank leading to differences in balances.
What is a Bank Reconciliation Statement?
