About Bank Reco

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 February 2010 M cross check the Bank statement & Visual sofware accounting Bank book, but Bank book balance will not match with bank statement.Then what can i do.Plz tell me another option to tally the Bank Reco.

Rahul Gupta

Rahul Gupta (Expert)
Follow

12 February 2010 Certain Points to be checked while doing Bank Reco >

1. Check the amount of Interest paid by bank and not included in the books.
2. Check the amount of charges in bank statement and not debited in books.
3. Cheques issued by the Co. and entered in books but not yet cleared from the bank.
4. Cheques deposited in the bank but not enetered in the books as recipts.
5. Direct payment made by bank by ECS or standing instructions and not yet enetered in books.
6. Direct deposit in bank like dividends etc. and not yet included in books.
7. Verify that cash send to bank for deposit is included in the same period as included in the books. There should not be any cash in transit.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

12 February 2010 Query is not clear. book bank balance always will differ from bank statement .you need to the BRS.

Book balance add: cheque issued but not presented for payment and less cheque deposited and not credited and bank charges

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

kavita goel

avulaandcopdrl 2023

divakar podaturu

Ashok Atluri

CA Reshma prabhu

Subscribe Now

About Bank Reco

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA