Introduction of Book-keeping and Accountancy
- Book-keeping-An Introduction
- Importance of Book-keeping
- Difference Between Book-keeping and Accountancy
- Basis of Accounting System - Cash Basis
- Basis of Accounting System - Accrual Or Mercantile Basis
- Basis of Accounting System - Mixed Or Hybrid Basis
- Qualitative Characteristics of Accounting Information
- Basic Accounting Terminologies
- Accounting Concepts, Conventions and Principles
- Accounting Standards (AS) and International Financial Reporting Standards IFRS
Meaning and Fundamentals of Double Entry Book-keeping
Bank Reconciliation Statement
Rectification of Errors
Final Accounts of a Proprietary Concern
Single Entry System
- Balance presentation method
- Plus or Minus presentation
- Preparation of Bank Reconciliation Statement without adjusting Cash Book Balance
Related QuestionsVIEW ALL 
The cash book shows a bank balance of ₹ 7,800. On comparing the cash book with passbook the following discrepancies were noted:
(a) Cheque deposited in bank but not credited ₹ 3,000
(b) Cheque issued but not yet present for payment ₹ 1,500
(c) Insurance premium paid by the bank ₹ 2,000
(d) Bank interest credit by the bank ₹ 400
(e) Bank charges ₹ 100
(d) Directly deposited by a customer ₹ 4,000
Prepare bank reconciliation statement as on December 31, 2017. This day the passbook of Mr. Himanshu showed a balance of ₹ 7,000.
(a) Cheques of ₹ 1,000 directly deposited by a customer.
(b) The bank has credited Mr. Himanshu for ₹ 700 as interest.
(c) Cheques for ₹ 3,000 were issued during the month of
December but of these cheques for ₹ 1,000 were not presented during the month of December.
Balance as per passbook of Mr. Kumar is 3,000.
(a) Cheque paid into bank but not yet cleared
Ram Kumar ₹1,000
Kishore Kumar ₹ 500
(b) Bank Charges ₹ 300
(c) Cheque issued but not presented
Hameed ₹ 2,000
Kapoor ₹ 500
(d) Interest entered in the passbook but not entered in the cash book ₹ 100.
Prepare a bank reconciliation statement.
On 1st January 2017, ₹ 8,000 as showed by his cash book. ₹ 2,000 had been paid in by him but were not collected by the bank by January 01, 2017. He issued cheques of ₹ 800 which were not presented to the bank for payment up to that day. There was a debit in his passbook of ₹ 60 for interest and ₹ 100 for bank charges.
Prepare bank reconciliation statement for comparing both the balance