Bank Reconciliation Statement Practical -3
Now after part 1&2 of theory portion BRS, you can draw any
reconciliation statement based on that.
In every problem, there will be given Bank balance as per Cashbook(as per business entity) or as per pass book(as per Bank). You have to
start the Bank reconciliation statement by taking any one of them and find out
the balance as per others.
Suppose as per the problem you have to start with the Bank balance
as per Passbook(credit) i,e, there is a positive bank balance in the book.
In the books of XYZ CO.
Bank Reconciliation Statement as of 31st March 2021.
………………………………………………………………………………….
Amount
in Rs.
1.
Bank balance as per Pass Book cr. . …………………………………..xxx
Add: Any transactions which either debited in any books but not
Credited………………………………………………………………….x
(Example: cheque deposited into a bank but not recorded by the bank
yet)
Less: Any transactions which only credited either any books but
Not debited……………………………………………………………..x
(Example: customer deposited directly into the bank but not recorded
in
The cash book)
……………..
(Bank balance as per Cashbook(dr) if the result is positive xxx
and bank balance cr balance as per cash book if the result is
negative) ……..
2.
Again if the BRS Start
with balance as per cash book Dr. then
Either credit will be added and either of the side credited
will be deducted.
3.
I start with a bank balance as per Cashbook Cr. then-
Either of the side debited will be added and credited will de
deducted.
1.
I start with a bank balance as per pass book dr, then
Either of the side credited will be added and debited will be
deducted.
I think one has understood the basic rules for drawing BRS. Thanks for reading.
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