1) The document lists various reconciling items that need to be added to or subtracted from the balance as per cash book and overdraft as per pass book to calculate the actual bank reconciliation statement balance.
2) Items that need to be added include unpresented cheques, direct customer deposits, unrecorded interest, and bills collected directly by the bank.
3) Items that need to be subtracted include insurance premiums paid by standing order, uncredited cheques, unrecorded bank charges, interest on overdraft, dishonored cheques and bills, and wrongly recorded transactions.
4) After adjusting for all the listed reconciling items, the balance as per cash book and overdraft as per pass book
1) The document lists various reconciling items that need to be added to or subtracted from the balance as per cash book and overdraft as per pass book to calculate the actual bank reconciliation statement balance.
2) Items that need to be added include unpresented cheques, direct customer deposits, unrecorded interest, and bills collected directly by the bank.
3) Items that need to be subtracted include insurance premiums paid by standing order, uncredited cheques, unrecorded bank charges, interest on overdraft, dishonored cheques and bills, and wrongly recorded transactions.
4) After adjusting for all the listed reconciling items, the balance as per cash book and overdraft as per pass book
1) The document lists various reconciling items that need to be added to or subtracted from the balance as per cash book and overdraft as per pass book to calculate the actual bank reconciliation statement balance.
2) Items that need to be added include unpresented cheques, direct customer deposits, unrecorded interest, and bills collected directly by the bank.
3) Items that need to be subtracted include insurance premiums paid by standing order, uncredited cheques, unrecorded bank charges, interest on overdraft, dishonored cheques and bills, and wrongly recorded transactions.
4) After adjusting for all the listed reconciling items, the balance as per cash book and overdraft as per pass book
1) The document lists various reconciling items that need to be added to or subtracted from the balance as per cash book and overdraft as per pass book to calculate the actual bank reconciliation statement balance.
2) Items that need to be added include unpresented cheques, direct customer deposits, unrecorded interest, and bills collected directly by the bank.
3) Items that need to be subtracted include insurance premiums paid by standing order, uncredited cheques, unrecorded bank charges, interest on overdraft, dishonored cheques and bills, and wrongly recorded transactions.
4) After adjusting for all the listed reconciling items, the balance as per cash book and overdraft as per pass book
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BRS of X Company as on …….
Balance as per Cash Book and Overdraft as per Pass Book xxxx Add: 1) Cheques issued but not yet presented for payment, Cheques issued but xxx not cashed, Cheques issued but not presented 2) Direct payment made by customer in the bank, Direct deposited by xxx customer, Customers directly deposited a cheque in our bank account 3) Interest on Investments not recorded in Cash Book, Interest credited in xxx pass book only, Interest on deposits credited only in pass book 4) Interest allowed by bank xxx 5) Bill collected by bank not entered in Cash book, Bills Receivable directly xxx collected by bank 6) Cheque drawn but wrongly debited in Savings A/c xxx 7) Cheque deposited but not entered in Cash book, Cheque received xxx entered in Pass book but not entered in Cash book 8) A wrong credit given by bank in the Pass Book, Wrong entry on the credit xxx xxxx side of the pass book xxxx Less: 1) Payment of Insurance Premium as per standing instructions xxx 2) Cheques received but not sent to bank for collection xxx 3) Cheques deposited but not collected balance as per pass book, Cheques xxx deposited but not collected, Cheques deposited but not credited, Cheques deposited but not collected by bank, Cheques sent for collection not collected, Uncredited cheques 4) Bank charges not recorded in Cash Book, Bank charges debited in Pass xxx book only, Bank Charges and commission debited in pass book, Bank charges not entered in cash book. 5) Interest on Overdraft debited in Pass Book only xxx 6) Cheques sent for collection but dishonoured xxx 7) Insurance premium paid by bank directly, Insurance premium paid by xxx banker not entered in Cash Book. Insurance premium and rent paid directly by bank understanding instructions 8) Bills sent for collection but dishonoured xxx 9) Commission charged by bank not entered in Cash book xxx 10) Receipt side of Cash Book overcast or over added xxx 11) Cheque received entered twice in Cash Book xxx 12) Discounted bills dishonoured, Discounted bill dishonoured but not xxx recorded in the Cash book 13) A wrong entry on the debit side of Pass Book xxx 14) Cheques debited in Cash book but forgot to send to bank xxx xxx Overdraft as per Cash Book and Balance as per Pass Book xxx
