Bank Reco..!!

Hitesh... You ONLY OPPOSED it....

and can read your ability from the PM which you sent me and the words you using in it..

CA shivang, its an highly unacceptable accusation from ur side..

i m seeking here help, and u are accusing me of using foul language..

y r u insulting any guy who is seeking help...

i havnt sent u any PM

its highly immoral stuf u r saying to me..

its an humble request from me to u, dont insult any being who is having less knowledge

a gud saying says it all, ''today its me, tmrw it mite be u''

LET ME REMIND YOU ALL THIS FORUM IS CACLUB INDIA, i think hitesh your query must b solved by now....and all of you please end the topic here itself...a very sorry to anyone who feel offended beacuse of me....

ITS MY HUMBLE REQUEST TO ALL....PLEASE END THIS TOPIC...

m ready to if CA shivang apologises to everyone as it amounted to immoral comment towards our profession, and making its fun by accusing sumone who is not guilty

PB     CB

if opening balance is as per passbook negative then take PB CR(negative) automatically cashbook CR(+)  and PB DR will be positive..

PB                         CB 

(DR)     (CR)      (CR)     (DR)

 (+)           (-)     (+)      (-)

this is a shortcut fro BRS....if u dint understand dis concept cant help bcos this is a thing to b taught will talking face to face...its difficult to make any 1 understand in a forum...

GREAT SHORTCUT... BUT CONCEPTLESS....

i told u if u want conceptual clarity i can help....but dat cannot happen in forum....

i teach maa frnds with concept only...dats nearly impossible to explain it here.

WELL FOR CONCEPT SEE THE POST OF YASHU...

we should not fight here 

if someone does not know brs then we should help him not make fun out of him

cheers

Bank Reconciliation Statement (BRS)

 Basics

A Bank reconciliation statement must be prepared so as to reconcile the balances in the various bank accounts as per our Bank book and Bank statement

It is a statement made on a particular date.

There are broadly 4 reasons for the difference between bank balance as shown by the books and that shown by the Bank Statement, viz.:

Transactions entered in to books but not reflected in Bank Statement

a. Cheque received,entered into books, deposited into bank but not cleared and thus not credited to the account.

b. Cheque issued, entered into books but not presented by the payee and thus not debited to the account.

Transactions directly reflected in Bank Statements nut not entered in Books

c. Interest, Dividend or any other income OR any sum deposited into bank directly and not intimated by the Bank to us

d. Interest, Expense or any charges directly debited by Bank and not intimated by Bank

We try to find out the difference in the Balance which fall into any of the above reasons.

All adjustments are made to our Books and not to the Bank Statement as its not in our control.

Bank reconciliation done by accountant properly and BRS prepared every month with all the relevant details.

chequ issued against which 6 months passed for which proper accounting has to be done. i.e original entry to be reversed.

Cheques issued which are more than six months old (i.e invalid cheques) are written bank in the bank accounts.

outstation cheques deposited into bank has not been credited by bank for an unreasonable time.

Bank statements should be obtained and filed periodically (monthly) if feasible, daily statements via the internet can also be obtained.

Friday evening i will add pdf file......

Give it to u r friend......

happy learning....

All the best

 Regards