NCERT Textbook - Bank Reconciliation Statement Commerce Notes | EduRev

Accountancy Class 11

Commerce : NCERT Textbook - Bank Reconciliation Statement Commerce Notes | EduRev

 Page 1


160 Accountancy
I
n chapter 4, you have learnt that
the business organisations keep a record of their
cash and bank transactions in a cash book. The
cash book also serves the purpose of both the cash
account and the bank account and shows the
balance of both at the end of the period.
Once the cash book has been balanced, it is
usual to check its details with the records of the
firm’s bank transactions as recorded by the bank.
To enable this check, the cashier needs to ensure
that the cash book is completely up to date and a
recent bank statement (or a bank passbook) has
been obtained from the bank. A bank statement
or a bank passbook is a copy of a bank account as
shown by the bank records. This enable the bank
customers to check their funds in the bank
regularly and update their own records of
transactions that have occurred. An illustrative
bank passbook of a current account is shown in
figure 5.1.
The amount of balance shown in the passbook
or the bank statement must tally with the balance
as shown in the cash book. But in practice, these
are usually found to be different. Hence, we have
to ascertain the causes for such difference. It will
be observed that a bank statement/passbook
shows all deposits in the credit column and
withdrawals in the debit column. Thus, if deposits
exceed withdrawals it shows a credit balance and
if withdrawals exceed deposits it will show a debit
balance (overdraft).
LEARNING OBJECTIVES
After studying this
chapter, you will be able
to :
• state the meaning and
need for the preparation
of bank reconciliation
statement;
• identify causes of
difference between
bank balance as per
cash book and pass
book;
• prepare the bank
reconciliation statement;
• ascertain the correct
bank balance as per
cash book;
Bank Reconciliation Statement 5
2020-21
Page 2


160 Accountancy
I
n chapter 4, you have learnt that
the business organisations keep a record of their
cash and bank transactions in a cash book. The
cash book also serves the purpose of both the cash
account and the bank account and shows the
balance of both at the end of the period.
Once the cash book has been balanced, it is
usual to check its details with the records of the
firm’s bank transactions as recorded by the bank.
To enable this check, the cashier needs to ensure
that the cash book is completely up to date and a
recent bank statement (or a bank passbook) has
been obtained from the bank. A bank statement
or a bank passbook is a copy of a bank account as
shown by the bank records. This enable the bank
customers to check their funds in the bank
regularly and update their own records of
transactions that have occurred. An illustrative
bank passbook of a current account is shown in
figure 5.1.
The amount of balance shown in the passbook
or the bank statement must tally with the balance
as shown in the cash book. But in practice, these
are usually found to be different. Hence, we have
to ascertain the causes for such difference. It will
be observed that a bank statement/passbook
shows all deposits in the credit column and
withdrawals in the debit column. Thus, if deposits
exceed withdrawals it shows a credit balance and
if withdrawals exceed deposits it will show a debit
balance (overdraft).
LEARNING OBJECTIVES
After studying this
chapter, you will be able
to :
• state the meaning and
need for the preparation
of bank reconciliation
statement;
• identify causes of
difference between
bank balance as per
cash book and pass
book;
• prepare the bank
reconciliation statement;
• ascertain the correct
bank balance as per
cash book;
Bank Reconciliation Statement 5
2020-21
161 Bank Reconciliation Statement
5.1 Need for Reconciliation
It is generally experienced that when a comparison is made between the bank
balance as shown in the firm’s cash book, the two balances do not tally.
Hence, we have to first ascertain the causes of difference thereof and then
reflect them in a statement called  Bank Reconciliation Statement to reconcile
(tally) the two balances.
In order to prepare a bank reconciliation statement we need to have a
bank balance as per the cash book and a bank statement as on a particular
day along with details of both the books. If the two balances differ, the entries
in both the books are compared and the items on account of which the
difference has arisen are ascertained with the respective amounts involved so
that the bank reconciliation statement may be prepared. Its format shown in
figure 5.5.
Particulars Amount
`
Balance as per cash book .......
Add: Cheques issued but not presented .......
Interest credited by the bank .......
.......
Less: Cheques deposited but not credited by the bank .......
Bank charges not recorded in the cash book .......
Balance as per the passbook xxxx
Fig. 5.2 : Proforma of bank reconciliation statement
It can also be prepared with two amount columns one showing additions (+
column) and another showing deductions (-column). For convenience, we usually
adopt this treatment.
Particulars Amount Amount
` `
(+) (–)
Balance as per cash book ......
Cheques issued but not presented ` ......
Interest credited by the bank ......
Cheque deposited but not credited by the bank ......
Bank charges not recorded in the cash book ......
Balance as per the passbook. xxxx
Fig. 5.3 : Proforma of bank reconcitiation statement (table form)
2020-21
Page 3


160 Accountancy
I
n chapter 4, you have learnt that
the business organisations keep a record of their
cash and bank transactions in a cash book. The
cash book also serves the purpose of both the cash
account and the bank account and shows the
balance of both at the end of the period.
Once the cash book has been balanced, it is
usual to check its details with the records of the
firm’s bank transactions as recorded by the bank.
To enable this check, the cashier needs to ensure
that the cash book is completely up to date and a
recent bank statement (or a bank passbook) has
been obtained from the bank. A bank statement
or a bank passbook is a copy of a bank account as
shown by the bank records. This enable the bank
customers to check their funds in the bank
regularly and update their own records of
transactions that have occurred. An illustrative
bank passbook of a current account is shown in
figure 5.1.
The amount of balance shown in the passbook
or the bank statement must tally with the balance
as shown in the cash book. But in practice, these
are usually found to be different. Hence, we have
to ascertain the causes for such difference. It will
be observed that a bank statement/passbook
shows all deposits in the credit column and
withdrawals in the debit column. Thus, if deposits
exceed withdrawals it shows a credit balance and
if withdrawals exceed deposits it will show a debit
balance (overdraft).
LEARNING OBJECTIVES
After studying this
chapter, you will be able
to :
• state the meaning and
need for the preparation
of bank reconciliation
statement;
• identify causes of
difference between
bank balance as per
cash book and pass
book;
• prepare the bank
reconciliation statement;
• ascertain the correct
bank balance as per
cash book;
Bank Reconciliation Statement 5
2020-21
161 Bank Reconciliation Statement
5.1 Need for Reconciliation
It is generally experienced that when a comparison is made between the bank
balance as shown in the firm’s cash book, the two balances do not tally.
Hence, we have to first ascertain the causes of difference thereof and then
reflect them in a statement called  Bank Reconciliation Statement to reconcile
(tally) the two balances.
In order to prepare a bank reconciliation statement we need to have a
bank balance as per the cash book and a bank statement as on a particular
day along with details of both the books. If the two balances differ, the entries
in both the books are compared and the items on account of which the
difference has arisen are ascertained with the respective amounts involved so
that the bank reconciliation statement may be prepared. Its format shown in
figure 5.5.
Particulars Amount
`
Balance as per cash book .......
Add: Cheques issued but not presented .......
Interest credited by the bank .......
.......
Less: Cheques deposited but not credited by the bank .......
Bank charges not recorded in the cash book .......
Balance as per the passbook xxxx
Fig. 5.2 : Proforma of bank reconciliation statement
It can also be prepared with two amount columns one showing additions (+
column) and another showing deductions (-column). For convenience, we usually
adopt this treatment.
Particulars Amount Amount
` `
(+) (–)
Balance as per cash book ......
Cheques issued but not presented ` ......
Interest credited by the bank ......
Cheque deposited but not credited by the bank ......
Bank charges not recorded in the cash book ......
Balance as per the passbook. xxxx
Fig. 5.3 : Proforma of bank reconcitiation statement (table form)
2020-21
162 Accountancy
DHERENDRA NATIONAL BANK MULTI-MODULE PACKAGE DATE : 30/09/2016
CONNAUGHT PLACE STATEMENT OF ACCOUNT OP.ID : GK
FROM 01/08/2016 TO 30/09/2016 PAGE NO. : 1
ACCOUNT NO. 03355
NAME : DEV PANDIT
KHADWAI, RUNAKUTA, DELHI-34
DATE PARTICULARS CHEQUE DEBIT CREDIT BALANCE + REMARKS
No. ` P. ` P. ` P.
Opening 50,782.30 +
Balance :
04/08/2016 DELHI PLA 356376 35,000.00 15,782.30 +
07/08/2016 TO SELF 356377 10,000.00 5,782.30 +
13/08/2016 BY CLG 10,673,00 16,455,30 +
13/08/2016 BY CLG 9,143.00 25,598.30 +
17/08/2016 TO SELF 356378 20,000.00 5,598.30 +
21/08/2016 BY CLG 25,808.00 31,406.30 +
26/08/2016 BY CLG 32,949.00 64,355,30 +
02/09/2016 To SELF 356381 30,000.00 34,355.30 +
04/09/2016 DELHI PLASTIC 356382 10,000.00 24,355.30 +
08/09/2016 ICICI 657755 6,074.00 18,281.30 +
09/09/2016 BY CLG 3,146.00 21,427.30 +
13/09/2016 TO SELF 356380 9,500,00 11,927.30 +
15/09/2016 BY CLG 5,320.00 17,247.30 +
15/09/2016 BY CLG 18,564.00 35,811.30 +
16/09/2016 TO SERVICE CHARGES 120.00 35,691.30 +
21/09/2016 TO SELF 356383 20,000.00 15,691.30 +
25/09/2016 TO SELF 356385 10,000.00 5,691.30 +
27/09/2016 BY CLG 16,198.00 21,889.30 +
FOR DHERENDRA NATIONAL BANK
ACCOUNTANT/MANAGER
Fig. 5.1 : Specimen of bank statement (current account)
2020-21
Page 4


160 Accountancy
I
n chapter 4, you have learnt that
the business organisations keep a record of their
cash and bank transactions in a cash book. The
cash book also serves the purpose of both the cash
account and the bank account and shows the
balance of both at the end of the period.
Once the cash book has been balanced, it is
usual to check its details with the records of the
firm’s bank transactions as recorded by the bank.
To enable this check, the cashier needs to ensure
that the cash book is completely up to date and a
recent bank statement (or a bank passbook) has
been obtained from the bank. A bank statement
or a bank passbook is a copy of a bank account as
shown by the bank records. This enable the bank
customers to check their funds in the bank
regularly and update their own records of
transactions that have occurred. An illustrative
bank passbook of a current account is shown in
figure 5.1.
The amount of balance shown in the passbook
or the bank statement must tally with the balance
as shown in the cash book. But in practice, these
are usually found to be different. Hence, we have
to ascertain the causes for such difference. It will
be observed that a bank statement/passbook
shows all deposits in the credit column and
withdrawals in the debit column. Thus, if deposits
exceed withdrawals it shows a credit balance and
if withdrawals exceed deposits it will show a debit
balance (overdraft).
LEARNING OBJECTIVES
After studying this
chapter, you will be able
to :
• state the meaning and
need for the preparation
of bank reconciliation
statement;
• identify causes of
difference between
bank balance as per
cash book and pass
book;
• prepare the bank
reconciliation statement;
• ascertain the correct
bank balance as per
cash book;
Bank Reconciliation Statement 5
2020-21
161 Bank Reconciliation Statement
5.1 Need for Reconciliation
It is generally experienced that when a comparison is made between the bank
balance as shown in the firm’s cash book, the two balances do not tally.
Hence, we have to first ascertain the causes of difference thereof and then
reflect them in a statement called  Bank Reconciliation Statement to reconcile
(tally) the two balances.
In order to prepare a bank reconciliation statement we need to have a
bank balance as per the cash book and a bank statement as on a particular
day along with details of both the books. If the two balances differ, the entries
in both the books are compared and the items on account of which the
difference has arisen are ascertained with the respective amounts involved so
that the bank reconciliation statement may be prepared. Its format shown in
figure 5.5.
Particulars Amount
`
Balance as per cash book .......
Add: Cheques issued but not presented .......
Interest credited by the bank .......
.......
Less: Cheques deposited but not credited by the bank .......
Bank charges not recorded in the cash book .......
Balance as per the passbook xxxx
Fig. 5.2 : Proforma of bank reconciliation statement
It can also be prepared with two amount columns one showing additions (+
column) and another showing deductions (-column). For convenience, we usually
adopt this treatment.
Particulars Amount Amount
` `
(+) (–)
Balance as per cash book ......
Cheques issued but not presented ` ......
Interest credited by the bank ......
Cheque deposited but not credited by the bank ......
Bank charges not recorded in the cash book ......
Balance as per the passbook. xxxx
Fig. 5.3 : Proforma of bank reconcitiation statement (table form)
2020-21
162 Accountancy
DHERENDRA NATIONAL BANK MULTI-MODULE PACKAGE DATE : 30/09/2016
CONNAUGHT PLACE STATEMENT OF ACCOUNT OP.ID : GK
FROM 01/08/2016 TO 30/09/2016 PAGE NO. : 1
ACCOUNT NO. 03355
NAME : DEV PANDIT
KHADWAI, RUNAKUTA, DELHI-34
DATE PARTICULARS CHEQUE DEBIT CREDIT BALANCE + REMARKS
No. ` P. ` P. ` P.
Opening 50,782.30 +
Balance :
04/08/2016 DELHI PLA 356376 35,000.00 15,782.30 +
07/08/2016 TO SELF 356377 10,000.00 5,782.30 +
13/08/2016 BY CLG 10,673,00 16,455,30 +
13/08/2016 BY CLG 9,143.00 25,598.30 +
17/08/2016 TO SELF 356378 20,000.00 5,598.30 +
21/08/2016 BY CLG 25,808.00 31,406.30 +
26/08/2016 BY CLG 32,949.00 64,355,30 +
02/09/2016 To SELF 356381 30,000.00 34,355.30 +
04/09/2016 DELHI PLASTIC 356382 10,000.00 24,355.30 +
08/09/2016 ICICI 657755 6,074.00 18,281.30 +
09/09/2016 BY CLG 3,146.00 21,427.30 +
13/09/2016 TO SELF 356380 9,500,00 11,927.30 +
15/09/2016 BY CLG 5,320.00 17,247.30 +
15/09/2016 BY CLG 18,564.00 35,811.30 +
16/09/2016 TO SERVICE CHARGES 120.00 35,691.30 +
21/09/2016 TO SELF 356383 20,000.00 15,691.30 +
25/09/2016 TO SELF 356385 10,000.00 5,691.30 +
27/09/2016 BY CLG 16,198.00 21,889.30 +
FOR DHERENDRA NATIONAL BANK
ACCOUNTANT/MANAGER
Fig. 5.1 : Specimen of bank statement (current account)
2020-21
163 Bank Reconciliation Statement
Reconciliation of the cash book and the bank passbook balances amounts
to an explanation of differences between them. The differences between the
cash book and the bank passbook is caused by:
• timing differences on recording of the transactions.
• errors made by the business or by the bank.
5.1.1 Timing Differences 5.1.1 Timing Differences 5.1.1 Timing Differences 5.1.1 Timing Differences 5.1.1 Timing Differences
When a business compares the balance of its cash book with the balance
shown by the bank passbook, there is often a difference, which is caused
by the time gap in recording the transactions relating either to payments
or receipts. The factors affecting time gap includes :
5.1.1(a) Cheques issued by the bank but not yet presented for payment
When cheques are issued by the firm to suppliers or creditors of the firm,
these are immediately entered on the credit side of the cash book. However,
the receiving party may not present the cheque to the bank for payment
immediately. The bank will debit the firm’s account only when these cheques
are actually paid by the bank. Hence,  there is a time lag between the issue of
a cheque and its presentation to the bank which may cause the difference
between the two balances.
5.1.1(b) Cheques paid into the bank but not yet collected
When firm receives cheques from its customers (debtors), they are
immediately recorded in the debit side of the cash book. This increases
the bank balance as per the cash book. However, the bank credits the
customer account only when the amount of cheques are actually realised.
The clearing of cheques generally takes few days especially in case of
outstation cheques or when the cheques are paid-in at a bank branch
other than the one at which the account of the firm is maintained. This
leads to a cause of difference between the bank balance shown by the
cash book and the balance shown by the bank passbook.
5.1.1(c) Direct debits made by the bank on behalf of the customer
Sometimes, the bank deducts amount for various services from the account
without the firm’s knowledge. The firm comes to know about it only when
the bank statement arrives. Examples of such deductions include: cheque
collection charges, incidental charges, interest on overdraft, unpaid cheques
deducted by the bank – i.e., stopped or bounced, etc. As a result, the balance
as per passbook will be less than the balance as per cash book.
2020-21
Page 5


160 Accountancy
I
n chapter 4, you have learnt that
the business organisations keep a record of their
cash and bank transactions in a cash book. The
cash book also serves the purpose of both the cash
account and the bank account and shows the
balance of both at the end of the period.
Once the cash book has been balanced, it is
usual to check its details with the records of the
firm’s bank transactions as recorded by the bank.
To enable this check, the cashier needs to ensure
that the cash book is completely up to date and a
recent bank statement (or a bank passbook) has
been obtained from the bank. A bank statement
or a bank passbook is a copy of a bank account as
shown by the bank records. This enable the bank
customers to check their funds in the bank
regularly and update their own records of
transactions that have occurred. An illustrative
bank passbook of a current account is shown in
figure 5.1.
The amount of balance shown in the passbook
or the bank statement must tally with the balance
as shown in the cash book. But in practice, these
are usually found to be different. Hence, we have
to ascertain the causes for such difference. It will
be observed that a bank statement/passbook
shows all deposits in the credit column and
withdrawals in the debit column. Thus, if deposits
exceed withdrawals it shows a credit balance and
if withdrawals exceed deposits it will show a debit
balance (overdraft).
LEARNING OBJECTIVES
After studying this
chapter, you will be able
to :
• state the meaning and
need for the preparation
of bank reconciliation
statement;
• identify causes of
difference between
bank balance as per
cash book and pass
book;
• prepare the bank
reconciliation statement;
• ascertain the correct
bank balance as per
cash book;
Bank Reconciliation Statement 5
2020-21
161 Bank Reconciliation Statement
5.1 Need for Reconciliation
It is generally experienced that when a comparison is made between the bank
balance as shown in the firm’s cash book, the two balances do not tally.
Hence, we have to first ascertain the causes of difference thereof and then
reflect them in a statement called  Bank Reconciliation Statement to reconcile
(tally) the two balances.
In order to prepare a bank reconciliation statement we need to have a
bank balance as per the cash book and a bank statement as on a particular
day along with details of both the books. If the two balances differ, the entries
in both the books are compared and the items on account of which the
difference has arisen are ascertained with the respective amounts involved so
that the bank reconciliation statement may be prepared. Its format shown in
figure 5.5.
Particulars Amount
`
Balance as per cash book .......
Add: Cheques issued but not presented .......
Interest credited by the bank .......
.......
Less: Cheques deposited but not credited by the bank .......
Bank charges not recorded in the cash book .......
Balance as per the passbook xxxx
Fig. 5.2 : Proforma of bank reconciliation statement
It can also be prepared with two amount columns one showing additions (+
column) and another showing deductions (-column). For convenience, we usually
adopt this treatment.
Particulars Amount Amount
` `
(+) (–)
Balance as per cash book ......
Cheques issued but not presented ` ......
Interest credited by the bank ......
Cheque deposited but not credited by the bank ......
Bank charges not recorded in the cash book ......
Balance as per the passbook. xxxx
Fig. 5.3 : Proforma of bank reconcitiation statement (table form)
2020-21
162 Accountancy
DHERENDRA NATIONAL BANK MULTI-MODULE PACKAGE DATE : 30/09/2016
CONNAUGHT PLACE STATEMENT OF ACCOUNT OP.ID : GK
FROM 01/08/2016 TO 30/09/2016 PAGE NO. : 1
ACCOUNT NO. 03355
NAME : DEV PANDIT
KHADWAI, RUNAKUTA, DELHI-34
DATE PARTICULARS CHEQUE DEBIT CREDIT BALANCE + REMARKS
No. ` P. ` P. ` P.
Opening 50,782.30 +
Balance :
04/08/2016 DELHI PLA 356376 35,000.00 15,782.30 +
07/08/2016 TO SELF 356377 10,000.00 5,782.30 +
13/08/2016 BY CLG 10,673,00 16,455,30 +
13/08/2016 BY CLG 9,143.00 25,598.30 +
17/08/2016 TO SELF 356378 20,000.00 5,598.30 +
21/08/2016 BY CLG 25,808.00 31,406.30 +
26/08/2016 BY CLG 32,949.00 64,355,30 +
02/09/2016 To SELF 356381 30,000.00 34,355.30 +
04/09/2016 DELHI PLASTIC 356382 10,000.00 24,355.30 +
08/09/2016 ICICI 657755 6,074.00 18,281.30 +
09/09/2016 BY CLG 3,146.00 21,427.30 +
13/09/2016 TO SELF 356380 9,500,00 11,927.30 +
15/09/2016 BY CLG 5,320.00 17,247.30 +
15/09/2016 BY CLG 18,564.00 35,811.30 +
16/09/2016 TO SERVICE CHARGES 120.00 35,691.30 +
21/09/2016 TO SELF 356383 20,000.00 15,691.30 +
25/09/2016 TO SELF 356385 10,000.00 5,691.30 +
27/09/2016 BY CLG 16,198.00 21,889.30 +
FOR DHERENDRA NATIONAL BANK
ACCOUNTANT/MANAGER
Fig. 5.1 : Specimen of bank statement (current account)
2020-21
163 Bank Reconciliation Statement
Reconciliation of the cash book and the bank passbook balances amounts
to an explanation of differences between them. The differences between the
cash book and the bank passbook is caused by:
• timing differences on recording of the transactions.
• errors made by the business or by the bank.
5.1.1 Timing Differences 5.1.1 Timing Differences 5.1.1 Timing Differences 5.1.1 Timing Differences 5.1.1 Timing Differences
When a business compares the balance of its cash book with the balance
shown by the bank passbook, there is often a difference, which is caused
by the time gap in recording the transactions relating either to payments
or receipts. The factors affecting time gap includes :
5.1.1(a) Cheques issued by the bank but not yet presented for payment
When cheques are issued by the firm to suppliers or creditors of the firm,
these are immediately entered on the credit side of the cash book. However,
the receiving party may not present the cheque to the bank for payment
immediately. The bank will debit the firm’s account only when these cheques
are actually paid by the bank. Hence,  there is a time lag between the issue of
a cheque and its presentation to the bank which may cause the difference
between the two balances.
5.1.1(b) Cheques paid into the bank but not yet collected
When firm receives cheques from its customers (debtors), they are
immediately recorded in the debit side of the cash book. This increases
the bank balance as per the cash book. However, the bank credits the
customer account only when the amount of cheques are actually realised.
The clearing of cheques generally takes few days especially in case of
outstation cheques or when the cheques are paid-in at a bank branch
other than the one at which the account of the firm is maintained. This
leads to a cause of difference between the bank balance shown by the
cash book and the balance shown by the bank passbook.
5.1.1(c) Direct debits made by the bank on behalf of the customer
Sometimes, the bank deducts amount for various services from the account
without the firm’s knowledge. The firm comes to know about it only when
the bank statement arrives. Examples of such deductions include: cheque
collection charges, incidental charges, interest on overdraft, unpaid cheques
deducted by the bank – i.e., stopped or bounced, etc. As a result, the balance
as per passbook will be less than the balance as per cash book.
2020-21
164 Accountancy
5.1.1(d) Amounts directly deposited in the bank account
There are instances when debtors (customers) directly deposits money into firm’s
bank account. But, the firm does not receive the intimation from any source till
it receives the bank statement. In this case, the bank records the receipts in the
firm’s account at the bank but the same is not recorded in the firm’s cash book.
As a result, the balance shown in the bank passbook will be more than the
balance shown in the firm’s cash book.
5.1.1(e) Interest and dividends collected by the bank
When the bank collects interest and dividend on behalf of the customer, then these
are immediately credited to the customers account. But the firm will know about
these transactions and record the same in the cash book only when it receives a
bank statement. Till then the balances as per the cash book and passbook will
differ.
5.1.1(f) Direct payments made by the bank on behalf of the customers
Sometimes the customers give standing instructions to the bank to make some
payment regularly on stated days to the third parties. For example, telephone
bills, insurance premium, rent, taxes, etc. are directly paid by the bank on behalf
of the customer and debited to the account. As a result, the balance as per the
bank passbook would be less than the one shown in the cash book.
5.1.1(g) Cheques deposited/bills discounted dishonoured
If a cheque deposited by the firm is dishonoured or a bill of exchange drawn by
the business firm is discounted with the bank is dishonoured on the date of
maturity, the same is debited to customer’s account by the bank. As this
information is not available to the firm immediately, there will be no entry in
the firm’s cash book regarding the above items. This will be known to the firm
when it receives a statement  from the bank. As a result, the balance as per
the passbook would be less than the cash book balance.
5.1.2 Differences Caused by Errors 5.1.2 Differences Caused by Errors 5.1.2 Differences Caused by Errors 5.1.2 Differences Caused by Errors 5.1.2 Differences Caused by Errors
Sometimes the difference between the two balances may be accounted for by
an error on the part of the bank or an error in the cash book of the business.
This causes difference between the bank balance shown by the cash book
and the balance shown by the bank statement.
2020-21
Read More
Offer running on EduRev: Apply code STAYHOME200 to get INR 200 off on our premium plan EduRev Infinity!

Related Searches

video lectures

,

Previous Year Questions with Solutions

,

Important questions

,

NCERT Textbook - Bank Reconciliation Statement Commerce Notes | EduRev

,

NCERT Textbook - Bank Reconciliation Statement Commerce Notes | EduRev

,

past year papers

,

mock tests for examination

,

Summary

,

Free

,

Viva Questions

,

Sample Paper

,

study material

,

Semester Notes

,

practice quizzes

,

shortcuts and tricks

,

Objective type Questions

,

Extra Questions

,

MCQs

,

Exam

,

NCERT Textbook - Bank Reconciliation Statement Commerce Notes | EduRev

,

pdf

,

ppt

;