opening balance as per cash book and bank statement is ` , as on 1st January, . A cheque for ` , deposited by the business into bank on 25th January, is dishonoured and no entry for such transaction is made in the cash book as on that date. As a result of this, Balance as per cash book ( ` , ) is more than balance as per bank statement Balance as per bank statement ( ` , ) is less than balance as per cash book (f) Amount paid by parties directly into the bank Sometimes, debtors or the customers of the business may directly deposit the money into bank account of the business. It may be done by directly visiting the branch of the bank by paying cash (including NEFT, RTGS) or swiping debit or credit or business card or depositing the money in cash deposit machine or transfer through online banking facility.
This will be credited in the banker’s book. But the entry is made in the cash book only when the bank statement is received by the customer. Until then, the cash book shows less balance than bank statement. For example, as on 1st January, , the balance as per cash book and the balance as per bank statement show the same balance of ` , , but on 22nd January, a debtor directly deposits ` , into the bank account of the business.
But no entry is made in the cash book as on that date. As a result of this, Balance as per bank statement ( ` , ) is more than balance as per cash book Balance as per cash book ( ` , ) is less than balance as per bank statement (g) Amount paid directly by the bank to others Sometimes the bank may be instructed to make payments such as, insurance premium, instalment of loan, etc., as an agent of the customer on behalf of its customer. In all such cases, debit is made in bank statement. But, the entry is made in the cash book only when the bank statement is received