Bank reconciliation statment
Sayed Nabil (385 Points)
29 May 2023
31-03-2022 ko check issue hua Larkin check pass hua 4-4-2022 ko to iska brs Kaiser hoga
9 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 29 May 2023
Please Clarify cheque issued date 31-3-22 or 31-3-23 .
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 29 May 2023
Any way while doing bank reconciliation on 31 st march , your Bank balance in the books of accounts should tally with bank balance with bank account or Pass book , So in your case you issued cheque on 31st march and reduce balance in your Bank A/c in your books accounts , however bank balance in bank or pass book remain same on 31 st , because your cheque was cleared on by bank 4 th of April next month , so in bank reconciliation statement , you have add back amount of cheque issued in your books , in order tally with Bank pass book .
( we prepare bank reconciliation Statement on 31st or 30 th as case may be )
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 29 May 2023
Ok , I had already replied above, even if date was. 31-3-23 , above reply will applicable.
sabyasachi mukherjee
(27574 Points)
Replied 02 June 2023
Cheque issued bit not yet cleared for payment.
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 05 June 2023
dividends into bank but not yet collected
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 06 June 2023
While doing Bank reconciliation , you find that entry of dividends received in pass book / Bank Statement , however no entry in your books of accounts , so you have to pass dividend received entry in your books of accounts , in order to tally with pass Book / Bank Statement .
Similarly any Interest received or any other Income received in bank but no entry in your book then , you have pass entry in your books in order to Tally .
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 06 June 2023
Its like that and beyond that cause I also briefly booked bank statement and send it suspense account it tallies. Because anomalies lie with invoices and emails as well. Stuff like that
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 06 June 2023
Depends upon the software. Books are straightforward.
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