If the bank reconciliation statment is started with favourable (or Cr. Balance ) of pass book , the starting balance will be written in plus time .
So , balance as per pass book 5030 :―It will be written in plus column.

Bank Reconciliation Statement
Bank reconciliation statement is a document prepared by a company to match the balance in its bank account as per the company's records with the balance shown in the bank statement. It helps in identifying any discrepancies or differences between the two balances.

Preparation Process
- Start with the balance as per the passbook (given in the question) which is $5030.
- Add deposits in transit: These are the deposits made by the company but have not yet been recorded by the bank. Add these deposits to the passbook balance.
- Deduct outstanding checks: These are the checks issued by the company but have not yet been presented for payment by the bank. Deduct these checks from the passbook balance.
- Add or deduct bank errors: Sometimes, there might be errors made by the bank in recording transactions. These errors should be adjusted in the bank reconciliation statement.
- Compare the adjusted balance with the balance as per the company's records. The two balances should now match if the reconciliation has been done correctly.

Importance
Bank reconciliation statement is important as it helps in ensuring the accuracy of the company's financial records. It also helps in detecting any errors or fraud in the bank transactions. By preparing and reviewing the bank reconciliation statement regularly, the company can maintain control over its finances and prevent any discrepancies.