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प्रश्न
Explain why does money deposited into bank appear on the debit side of the cash book, but on the credit side of the bank statement?
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उत्तर
- The assets will be entered on the debit side. The balance of deposits held by the bank is recorded.
- It denotes a favourable balance as per cash boor unfavourable balance as per the passbook.
On the debit side, receipts of cash and cheques are recorded. - Deposited cash into the bank decreases the amount of cash available and is, therefore, credited to the cash account (cash column of the cash book).
- But, it also increases the bank balance and is, therefore, debited to a bank account (bank column of the cash book).
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संबंधित प्रश्न
Answer in one sentence:
Why is the Bank Reconciliation Statement prepared?
A bank reconciliation statement is prepared to know the causes for the difference between:
Which of the following is not the salient feature of bank reconciliation statement?
Balance as per cash book is ₹ 2, 000. Bank charge of ₹ 50 debited by the bank is not yet shown in the cash book. What is the bank statement balance now?
What is bank reconciliation statement?
Give any two expenses which may be paid by the banker as per standing instruction.
Give any three reasons for preparing bank reconciliation statement.
On 31st August 2018 bank passbook of Mr. Ravi showed a credit balance of ₹ 33,600, but Cash Book showed a different balance. On comparing the two books following differences were noticed:
- Cheques paid into the bank but not credited before 31st Aug 2018 amounted to ₹ 24,500.
- Direct deposit by the customer through NEFT ₹ 33,000 recorded in the passbook only.
- Cheques issued on 28th Aug 2018 were presented for payment on 5th Sep. 2018 amounted to ₹ 38,800.
- A bill receivable for ₹ 15,000 discounted with the bank was dishonored on 30th Aug 2018. Intimation of the same was received only on 3rd Sep 2018.
- Passbook credit side was overcast ₹ 2,000.
- Bank debited ₹ 400 for bank charges in the passbook, which was not recorded in Cash Book.
Prepare Bank Reconciliation Statement as of 31st August 2018.
From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.
- Credit balance as per Pass Book ₹ 20,000.
- A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
- Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
- Payment side of Cash Book was undercast by ₹ 100.
- Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.
From the following particulars, prepare the Bank Reconciliation Statement as of 30th June 2019.
- Credit balance as per Pass Book ₹20,000.
- A cheque for ₹3,500 was issued and paid by the bank, recorded in Pass Book as ₹5,300
- The cheque deposited ₹9,700 collected by the bank was not recorded in the Cash Book.
- The payment side of the Cash Book was undercast by ₹100.
- Electricity bill paid by bank ₹6,200 was recorded twice in Pass Book.
