Bank column of payment side of Cash Book is overcast by Rs.100.
Cheques amounting Rs.10,400 were drawn and Rs.8,600 was encashed.
How to prepare BRS of these entries.
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Bank reconciliation statement
Replies (1)
Hello Supriya. First of all, you need to know either the balance as per Cash Book(Bank Column) or Pass Book in order to arrive at the other.
Assuming that you know the Cash Book (Bank Column) Balance, this will be the solution :
Balance as per Cash Book XXX
ADD: Payments overcast 100
ADD : Cheques not encashed 1800
The sum of all these three will give you the Balance as per Pass Book.
If you are having the Pass Book Balance and want to reach the Cash Book (Bank Column) balance, you are required to deduct these two items of adjustments from your Pass Book Balance.
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