Making of Bank reconciliation statement
Bank reconciliation statement tells the reason why your cash books bank column is not matching with your bank pass book .For making bank reconciliation statement , if you have deemed balance of cash book as base the see bank account and if the bank accountant has not passed any voucher entry then all entries must have to be according to our bank pass book for this I am doing some practical example solve
+ -
Bank as per cash book xxxxx -
1st Event
Add cheque issue but not yet
Presented
( It means bank Accountant
Has not passed entry of payment xxxx -
2nd Event
Less Cheque deposit but not cleared
By bank ( It means our balance is
Not increased in bank account , so
We should also see it and less from
Our cash book balance ) xxxx
3rd Event
Less Bank charges debited by bank but
Not recorded in cash book
( It means bank decreased our balance
For their expense so we should also less
These bank charges ) xxxx
4th Event
Add
Dividend collected by bank credited in pass
Book ( It means bank increased our balance
But we have no contact , so when we get this
Information from our pass book, we should
Add in our cash book balance) xxxx
5th Event
Less
Insurance premium paid by bank
( Because , we have given the order to bank
That he can pay directly , so bank paid and
Our balance is decreased , so we should
Also less our balance) xxxx
6th Event
Less
Customer 's cheque dishonoured by bank not recorded
in cash book xxxx
7th Event
Add
Wrong Credit Given by bank
It means bank has increased our bank balance
so for matching our cash book we must add this amount
in our cash book bank column xxxx
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