Advertisements
Advertisements
प्रश्न
Give any three reasons for preparing bank reconciliation statement.
Advertisements
उत्तर
The main reasons for preparing a bank reconciliation statement are:
- To identify the reasons for the difference between the bank balance as per the cash book and bank balance as per bank statement.
- To identify the delay in the clearance of cheques.
- To ascertain the correct balance of the bank column of the cash book.
- To discourage the accountants of the business as well as the bank from misusing funds.
APPEARS IN
संबंधित प्रश्न
Answer in one sentence:
Who prepares a bank Pass Book?
Give one word/term/phrase which can substitute the following statement:
The account on which overdraft facility is allowed by bank.
Do you agree or disagree with the following statement:
Bank Reconciliation Statement is prepared only during the year end.
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.
The bank reconciliation statement is prepared by the banker.
Credit balance as per bank statement is an overdraft.
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 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.
