1.

Tell Me What Are The Important Things To Be Remembered While Preparing A Bank Reconciliation Statement?

Answer»
  • Bank RECONCILIATION Statement is prepared either by starting with the Bank pass book balance or Cash book balance.
  • If the balance of the Cash book is taken as a starting POINT then Cash book balance is to be adjusted in accordance with the entries passed in the Bank pass book and vice versa. For EXAMPLE: If the balance is taken as per the Cash book then the following items will be added.
  • Cheques issued but not presented for payment.
  • Amount credited in Passbook but not in Cash book.
  • DEPOSITS made in the bank directly.
  • WRONG credits given by bank.
  • Interest credited in the Passbook.

 

 



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