Chapter 5 · Accounting Process
Bank Reconciliation Statement
बैंक समाधान विवरण
Why the cash book and the passbook show different bank balances, and how to prepare a bank reconciliation statement, including overdraft cases.
🎯 Unit 2: Accounting Process — 44 marks (Ch 3 to Ch 7)
Dost Sir: Your cash book says ₹45,000 in the bank, the passbook says ₹50,500. Who is right? Both! Read the lessons from top to bottom, in this order. At the end of each lesson press “Lesson complete” so your progress is saved.
Lessons
- 1 Cash Book vs Passbook: why the two bank balances differ Explain what a passbook or bank statement is and why it is a mirror image of the bank column of the cash book · Tell a favourable balance from an overdraft in both the cash book and the passbook · List the timing differences that make the two balances differ, with examples · Identify errors by the firm or the bank as a cause of difference and say which balance each item makes higher ⏱ 30 min ✓
- 2 Preparing a Bank Reconciliation Statement, step by step Decide whether each item is added or deducted using one simple question · Prepare a BRS starting from the favourable balance as per cash book · Prepare a BRS starting from the favourable balance as per passbook by reversing the treatment · Handle errors by the firm or the bank inside a BRS ⏱ 35 min ✓
- 3 Overdraft cases and the amended (adjusted) cash book Prepare a BRS when the cash book or passbook shows an overdraft, treating it as a negative balance · Read the final figure of a two-column BRS as favourable or overdraft · Prepare an amended cash book for items the business has not yet recorded and for its own errors · Prepare a BRS starting from the amended cash book balance ⏱ 35 min ✓
10 MCQs (instant result) + 6 board-style questions (with full solutions) Challenge Zone (Advanced / HOTS)
Challenge Zone: Bank Reconciliation Statement · 4 topper-level problems + 2 brain teasers