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Bank reconciliation statement

VIJAY GARG (Accounts Manager) (48 Points)

21 April 2016

Sir, if debit balance as per cash book is given in question, what will be the treatment of "Receipt side of cash book is undercast" Please give some details in support of your reply. Thanks & regards

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3 Replies

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 21 April 2016

receipt side is undercast means some recipts have not been accounted for, if they are entered in cash book then cash balance will increase.

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Manoj Raturi (student-CA FINALS) (190 Points)
Replied 21 April 2016

let dr bal as per cash book is 100. and the receipt side of cash book is undercast by rs 20. it will be added to you brs statement i.e 100+20.

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nawaz (CA-CPT) (41 Points)
Replied 22 April 2016

If bank balance as per cash book is starting point then, and if 20rs receipt side is less or undercasted and in passbook proper entry is passed then , increase 20rs more to cashbook so that balance of passbook and cashbook matches..

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