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Bank reconciliation statment

Sayed Nabil (304 Points)

29 May 2023

31-03-2022 ko check issue hua Larkin check pass hua 4-4-2022 ko to iska brs Kaiser hoga

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9 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14167 Points)
Replied 29 May 2023

Please Clarify cheque issued date 31-3-22 or 31-3-23 .

1 Like

prasad Nilugal ( GST Practitioner & Accounts ) (14167 Points)
Replied 29 May 2023

Any way while doing bank reconciliation on 31 st march , your Bank balance in the books of accounts should tally with bank balance with bank account or Pass book , So in your case you issued cheque on 31st march and reduce balance in your Bank A/c in your books accounts , however bank balance in bank or pass book remain same on 31 st , because your cheque was cleared on by bank 4 th of April next month , so in bank reconciliation statement , you have add back amount of cheque issued in your books , in order tally with Bank pass book .

( we prepare bank reconciliation Statement on 31st or 30 th as case may be )

Sayed Nabil (304 Points)
Replied 29 May 2023

31-3-23

prasad Nilugal ( GST Practitioner & Accounts ) (14167 Points)
Replied 29 May 2023

Ok , I had already replied above, even if date was. 31-3-23 , above reply will applicable.

1 Like

sabyasachi mukherjee (26053 Points)
Replied 02 June 2023

Cheque issued bit not yet cleared for payment.

Yasaswi Gomes new (Finance ) (4474 Points)
Replied 05 June 2023

dividends into bank but not yet collected

prasad Nilugal ( GST Practitioner & Accounts ) (14167 Points)
Replied 06 June 2023

While doing Bank reconciliation , you find that entry of dividends received in pass book / Bank Statement , however no entry in your books of accounts , so you have to pass dividend received entry in your books of accounts , in order to tally with pass Book / Bank Statement .

Similarly any Interest received or any other Income received in bank but no entry in your book then , you have pass entry in your books in order to Tally .

Yasaswi Gomes new (Finance ) (4474 Points)
Replied 06 June 2023

Its like that and beyond that cause I also briefly booked bank statement and send it suspense account it tallies. Because anomalies lie with invoices and emails as well. Stuff like that