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प्रश्न
Bank reconciliation statement is prepared to identify the causes of differences between balance as per bank column of the cash book and balance as per cash column of the cash book.
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उत्तर
No
Explanation:
A Bank Reconciliation Statement (BRS) is prepared to find the causes of differences between:
- Balance as per bank column of the cash book, and
- Balance as per pass book (bank statement)
APPEARS IN
संबंधित प्रश्न
Answer in one sentence:
Who prepares a bank Pass Book?
Answer in one sentence:
Why is the Bank Reconciliation Statement prepared?
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.
Complete the following statement:
A statement showing the reasons for difference in Cash Book balance and Pass Book balance is known as ___________.
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?
Balance as per bank statement is ₹ 1, 000. Cheque deposited, but not yet credited by the bank is ₹ 2, 000. What is the balance as per bank column of the cash book?
What is bank reconciliation statement?
Give any two expenses which may be paid by the banker as per standing instruction.
Prepare Bank Reconciliation Statement from the following information as of 31st March 2019.
1. Balance as per Cash Book ₹ 10,000.
2. Cheque of ₹ 2,000 issued but not presented to Bank for payment.
3. Our debtor directly deposited ₹ 3,500 to our Bank account by NEFT, not recorded in the Cash Book.
4. Bank paid electricity bill on our behalf ₹ 450 and charged Bank charges ₹ 100.
5. Paid ₹ 1,500 to ABC & company, our supplier by business debit card but recorded in Cash Book as ₹ 150.
6. Bank credited interest on Investment ₹ 500.
7. Cheque of ₹ 885 issued and presented to Bank but wrongly entered in the Pass Book as ₹ 865.
