BANK RECONCILIATION STATEMENT · Part 12

explanation the following table has been prepared for ready reference when reconciliation is done on the basis of ‘balance presentation’. The final balance, which is obtained after addition and subtraction, will be the balance as per the other book. Sl. No Causes of differences Favourable balance (Dr.) as per cash book Unfavourable balance (Cr.) as per cash book Favourable balance (Cr.) as per bank statement Unfavourable balance (Dr.) as per bank statement Cheque issued but not presented to bank Add Subtract Subtract Add Cheque directly deposited in bank by a customer Add Subtract Subtract Add Income directly received by bank Add Subtract Subtract Add Wrong credit in the cash book Add Subtract Subtract Add Under casting of debit side of bank column of the cash book Add Subtract Subtract Add Over casting of credit side of bank column of the cash book Add Subtract Subtract Add Bill receivable collected directly by bank Add Subtract Subtract Add Cheque deposited but not cleared Subtract Add Add Subtract Accountancy - Expenses directly paid by bank on standing instructions Subtract Add Add Subtract Bank charges levied by bank Subtract Add Add Subtract Locker rent levied by bank Subtract Add Add Subtract Wrong debit in the cash book Subtract Add Add Subtract Wrong debit in the bank statement Subtract Add Add Subtract Over casting of debit side of bank column of the cash book Subtract Add Add Subtract Under casting of credit side of bank column of the cash book Subtract Add Add Subtract Interest on bank overdraft charged Subtract Add Add Subtract Final balance If answer is positive, then favourable balance (Cr.) as per bank statement and If, negative then unfavorable balance (Dr.) as per bank statement If answer is positive, then unfavourabe balance (Dr.) as per bank statement and If, negative then favorable balance (Cr.) as per bank statement If answer is positive, then favourable balance (Dr.) as per cash book and If, negative then unfavorable balance (Cr.) as per