Topics
Introduction to Book-Keeping and Accountancy
- Accounting
- Book-Keeping
- Accountancy
- Book-Keeping vs. Accountancy
- Basis (Methods) of Accounting System
- Qualitative Characteristics of Accounting Information
- Basic Terms in Accounting
- Transaction
- Capital and Drawings
- Debtors, Creditors and Bad Debts
- Expenditure and Its Types
- Discount and Its Types
- Solvent Person vs. Insolvent Person
- Accounting Year
- Trading Concerns vs. Not for Profit Concerns
- Concept of Goodwill
- Fundamentals of Business Earnings
- Concepts of Assets, Liabilities and Net Worth
- Accounting Principles
- Accounting Concepts
- Core Accounting Concepts
- Accounting Standards
Meaning and Fundamentals of Double Entry Book-Keeping
Journal
- Accounting Documents
- Goods and Service Tax(GST)
- Types of Accounting Documents
- Voucher
- Tax Invoice (Under GST)
- Credit Memo
- Receipt
- Cheque
- Types of Cheques
- Books of Accounts
- Books of Accounts > Journal
- Journal Entries
- Journal Entries > Goods Account
- Journal Entries > Recording Discount in Journal
- Journal Entries > Other Important Journal Entries
Ledger
Subsidiary Books
- Concept of Subsidiary Books
- Cash Book
- Cash Book > Simple Cash Book (Single Column Cash Book)
- Cash Book > Two Column Cash Book (With Cash and Bank Columns)
- Cash Book > Petty Cash Book
- Simple Petty Cash Book
- Analytical Petty Cash Book
- Purchase Book
- Purchase Return Book
- Sales Book
- Sales Return Book
- Journal Proper
Bank Reconciliation Statement
- Accounting Documents Used in Banking
- Accounting Documents Used in Banking
- Pay-in-Slip
- Withdrawal Slip
- Bank Pass Book
- Bank Statement
- Bank Advice
- Concept of Virtual Banking
- Bank Reconciliation Statement(BRS)
- Cash Book vs Pass Book : Causes of Differences
- Time Difference(Regarding BRS)
- Errors and Omission Made by Bank or Businessman
- Formats of BRS
- Preparation of BRS
- Cash Book and Pass Book Comparison for Common Period
- Cash Book and Pass Book Balances for Different Periods
- Bank Balance as per Cash Book (Favourable / Debit Balance)
- Bank Balance as per Pass Book (Favourable / Credit Balance)
- Overdraft as per Cash Book (Unfavourable / Credit Balance)
- Overdraft as per Pass Book (Unfavourable/Debit balance)
- Reconciliation of Debtors and Creditors
Depreciation
Rectification of Errors
Final Accounts of a Proprietary Concern
Single Entry System
- Concept of Single Entry System
- Single Entry System vs. Double Entry System
- Parts of Single Entry System
- Statements of Affairs
- Statement of Profit or Loss
- Statement of Profit or Loss > Net Worth Method
- Practical Problems on Single Entry System
- Steps for Reconciliation
- Real-Life Example
Maharashtra State Board: Class 11
Steps for Reconciliation
1. Add items due to which:
- Cashbook balance > Passbook balance (items reflected in the cashbook but not passbook)
- Passbook balance < Cashbook balance (items reflected in the passbook but not cashbook)
2. Subtract items due to which:
- Passbook balance < Cashbook balance (items reflected in the passbook but not cashbook)
- Cashbook balance > Passbook balance (items reflected in the cashbook but not passbook)
Maharashtra State Board: Class 11
Real-Life Example
Given (as on 31st March 2025):
-
Bank balance as per passbook: ₹15,000
-
Cheque of ₹3,000 was issued but not yet presented to the bank.
-
Cheque of ₹4,000 deposited but not yet cleared
-
The bank charged ₹200 as fees, not entered in the cash book.
-
The bank credited ₹500 as interest, not entered in the cash book.
-
The customer directly deposited ₹2,500 into the bank, not in the cash book.
Solution
Bank Reconciliation Statement (As on 31st March 2025)
| Particulars | Add (₹) | Less (₹) |
|---|---|---|
| Bank Balance as per Passbook | 15,000 | |
| Add: Cheque deposited but not yet cleared | 4,000 | |
| Add: Bank charges not entered in the cash book | 200 | |
| 19,200 | ||
| Less: Cheque issued but not yet presented | 3,000 | |
| Less: Interest credited by bank but not in Cash Book | 500 | |
| Add: Customer deposit credited by bank but not in CB | 2,500 | |
| Balance as per Cash Book | 13,200 |
