not deposited . Credit balance as per passbook , , , Illustration From the following particulars, prepare the bank reconciliation statement of Shri Krishan as on March , . (a) Balance as per passbook is Rs. , .
(b) Bank collected a cheque of Rs. on behalf of Shri Krishan but wrongly credited it to Shri Krishan’s account. (c) Bank recorded a cash book deposit of Rs. , as Rs.
, . (d) Withdrawal column of the passbook under cast by Rs. . (e) The credit balance of Rs.
, as on the pass-book was recorded in the debit balance. (f) The payment of a cheque of Rs. was recorded twice in the passbook. (g) The pass-book showed a credit balance for a cheque of Rs.
, deposited by Shri Kishan. Solution Bank Reconciliation Statement as on March , (+) (–) Credit balance as per passbook , Cheque wrongly credited to another customer account Error in carrying forward , Cheque recorded twice Excess credit for cash deposit . Under casting of withdrawal column . Wrong credit , .
Debit balance as per cash book , , , Test Your Understanding - II Select the Correct Answer: A bank reconciliation statement is prepared by : (a) Creditors (b) Bank (c) Account holder in a bank (d) Debtors A bank reconciliation statement is prepared with the balance : (a) Passbook (b) Cash book (c) Both passbook and cash book (d) None of these Passbook is a copy of : (a) Copy of customer Account (b) Bank column of cash book (c) Cash column of cash book (d) Copy of receipts and payments Unfavourable bank balance means : (a) Credit balance in passbook (b) Credit balance in cash book (c) Debit balance in cash book (d) None of these Favourable bank balance means : (a) Credit balance in the cash book (b) Credit balance in passbook (c) Debit balance in the cash book (d) Both b and c . A bank reconciliation statement is mainly prepared for : (a) Reconcile the cash balance of the