Answer:

Chapter 10 of Accountancy for Class 11 NE edition book deals with Bank Reconciliation Statement. This chapter is important for students who are interested in pursuing a career in accounting or finance.

Bank Reconciliation Statement (BRS) is a statement prepared by the accountant to reconcile the bank balance as per the bank statement with the bank balance as per the cash book. This statement helps in identifying the differences between the two balances and rectifying them.

Importance of BRS

BRS is an important tool for businesses to ensure that their bank accounts are accurate and up-to-date. It helps in identifying errors and frauds, and also ensures that there are no financial discrepancies.

Preparation of BRS

The following steps are involved in preparing a Bank Reconciliation Statement:

1. Start with the bank balance as per the bank statement
2. Add any deposits in transit
3. Deduct any outstanding checks
4. Add or deduct any bank errors
5. Compare the bank balance with the cash book balance
6. Adjust the cash book balance to match the bank balance

DK Goel Solutions - Class 11 Accountancy

DK Goel Solutions for Class 11 Accountancy is a comprehensive guide that provides step-by-step solutions to all the questions in the textbook. These solutions are prepared by experts and are in line with the latest CBSE guidelines.

The solutions are designed to help students understand the concepts better and to aid them in their exam preparations. They are easy to understand, and provide a detailed explanation of each step.

Conclusion

In conclusion, Chapter 10 of Accountancy for Class 11 NE edition book is an important chapter that deals with Bank Reconciliation Statement. Students who are interested in pursuing a career in accounting or finance must understand the concepts of BRS. DK Goel Solutions for Class 11 Accountancy is a helpful guide that provides comprehensive solutions to all the questions in the textbook.