Bank reconcialiation

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Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2011 kindly provide me an easy format of bank reco.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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14 September 2011 Search in files section
If not found then
Balance as per books
Add: Cheque issued but not cleared

Less: cheque deposited but not cleared

Balance as per bank

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CMA Gul S

CMA Gul S (Expert)
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14 September 2011 (a) If the bank statement balance is a debit balance (an overdraft), deduct from it all cheques, drafts, etc., paid into bank but not collected and credited by the bank and add to it all cheques drawn on the bank but not yet presented for payment. The new balance will then be agree with the balance of the cash book.
(b) If the bank statement balance is a credit balance (in favor of the depositor), add to it all cheques, drafts, etc., paid into the bank but not collected and credited by the bank and deduct from it all cheques drawn on the bank but not yet presented for payment. The new balance will agree with the balance of the cash book.

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