February 26, 2019

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Bank Reconciliation Statement-Meaning

Bank Reconciliation Statement JVM Education

Bank Reconciliation Statement-Meaning

Bank Reconciliation Statement – is the statement which reconciles the bank balance as per the cash book with the balance as per the bank pass book, by showing all causes of differences between the two.

Causes of disagreement between the balances of cash book and pass book.

  1. Timingdifference on the recording of transactions.
  2. Errorin Cash Book.
  3. Errorin Pass Book.

Difference between trade Discount and Cash Discount

Format of Bank Reconciliation Statement when the Bank Balance as per Cash Book

Format of Bank Reconciliation Statement

The format of Bank Reconciliation Statement when the Bank  

Balance as per Passbook

Format of Bank Reconciliation Statement

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