brs
(Guest)
5 Replies
Tehsinkhan Pathan
(CA CMA DISA(ICAI) B.COM)
(3956 Points)
Replied 02 March 2011
THE MAIN AIM OF PREPARING IS TO RECONCILE THE BALANCE AS PER OUR BENK BOOK AND BANK STATEMENT i.e. BANK A/C .............................
E.G.:-
28/3/2010 BALANCE IS RS.200000/- FOR BANK BOOK AND BANK A/C. ON 29/3/2010 CHEQUE IS ISSUED RS.20000/- ........
THEN YOUR REMAINING BALANCE AS PER BANK BOOK WILL BE RS.180000/-(200000-20000).....
BUT CHEQUE IS NOT PRESENTED TILL 2/4/2010 .
NOW WE WANT TO KNOW THE BALANCE AS PER THE BANK A/C AS ON 31/3/2010........
THEN CHEQUE AMOUNT RS.20000/- IS REQUIRED TO BE ADDED TO KNOW THE REAL BALANCE AS PER BANK A/C ON 31/03/2010.....BECAUSE THE CASH WILL NOT BE PAID UNTILL THE CHEQUE IS NOT PRESENTED.........SO ACCORDINGLY THE BALANCE AS PER BANK A/C WILL BE HIGHER .............
THAT'S WHY WE REQUIRE TO ADD BACK THE CHEQUE WHICH ARE NOT PRESENTED FOR PAYMENT............
APOORV SAXENA
(Chartered Accountant)
(794 Points)
Replied 02 March 2011
it will be added when we start the question by "balance as per our books"
We will add it b`coz v have already DEBITED (i.e. minus) from aur account.
Cheque issued i.e., v hav made a pymt which will subsequently reduce our closing balance, but in bank it will be cleared in 1-2 days....hence to nullify the effect, we will add it !!
mridul savio Pinto
(articled trainee )
(1477 Points)
Replied 02 March 2011
when u start start with bnk balance as per cash book and pass book overdraft it is obviously added .and vice-versa . agree with all
Y@$#u
(ipcc group 2, article)
(683 Points)
Replied 03 March 2011
kindly refer my file for bank reconcilation
made by myself... comments are welcome
/share_files/bank-reconciliation-statement-36054.asp
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