Bank Reconcilation Statement

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sudershan

sudershan (Querist)
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19 May 2008 May i know best way to reconcile the bank statement.

Shekar

Shekar (Expert)
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19 May 2008 Hi..

U can use this format

Bank balance as per pass book xxx
(+)Cheques issued but not presented xx
(-)Cheques recieved but not deposited xx

This should give you bank balance as per Books of accounts..

Hope it is clear..

R.V.RAO

R.V.RAO (Expert)
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19 May 2008 ONE CAN ALSO START FROM BALANCE AS PER BOOKS OF ACCOUNTS .
DEDUCT CQs DEPOSITED NOT CREDITED BY THE BANK.
ADD CQs ISSUED AND NOT CLEARED BY BANK,
INCLUDING POST DATED CHEQUES IF ANY ISSUED UNLESS ALREADY DEBITED BY BANK.

ALSO DEDUCT BANK CHARGES ETC.DEBITED BY BANK .
THEN WE ARRIVE BALANCE AS PER PASS BOOK.
R.V.RAO