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
- Items to be Added/Subtracted while Preparing BRS
- Real-Life Example
Maharashtra State Board: Class 11
Items to be Added/Subtracted while Preparing BRS
| Reconciling Item | Effect |
|---|---|
| Add: | |
| Cheques issued but not yet presented | Add (reduces overdraft in cash book) |
| Amount credited by bank, not entered in cash book | Add |
| Bank charges, debited by bank not entered in cash book | Subtract (increases overdraft) |
| Cheques deposited but not yet credited | Subtract |
| Amount directly deposited by customer, not in cash book | Add |
| Interest credited by bank, not in cash book | Add |
| Wrong credit given by bank (error) | Add (increases what you owe) |
| Subtract: | |
| Cheques deposited but not yet credited by bank | Subtract |
| Cheques issued but not presented | Add |
| Direct debit by bank (not in cash book) | Subtract |
| Wrong debit by bank | Subtract (bank wrongly increased overdraft) |
| Amount directly paid by bank, not in cash book | Subtract |
Maharashtra State Board: Class 11
Real-Life Example
Scenario:
Ravi's passbook shows that his bank account has an overdraft (negative balance) of ₹40,000 on October 31, 2025. He wants to find the correct overdraft balance as per his cash book by preparing a bank reconciliation statement.
Additional details:
-
Cheques issued but not yet presented for payment: ₹8,000
-
Cheques deposited but not yet cleared by the bank: ₹6,000
-
The bank charged interest on an overdraft of ₹1,200 (not recorded in cash book)
-
The bank wrongly credited ₹1,500 to Ravi's account
-
Cash deposit of ₹3,000 not recorded in passbook
-
Bank charges of ₹300 not recorded in the cash book
Bank Reconciliation Statement (₹)
| Particulars | Add (₹) | Less (₹) |
|---|---|---|
| Overdraft as per passbook | 40,000 | |
| Add: Cheques issued but not yet presented for payment | 8,000 | |
| Add: Wrong credit by bank | 1,500 | |
| 49,500 | ||
| Subtract: Cheques deposited but not yet cleared by the bank | 6,000 | |
| Subtract: Interest on overdraft | 1,200 | |
| Subtract: Bank Charges | 300 | |
| Subtract: Cash deposit | 3,000 | |
| Balance as per Cash Book (Overdraft) | 39,000 |
