How to prepare a bank reconciliation statement?
Bank reconciliation statement is prepared to find out the reasons for difference in Bank balance as per Cash Book and Balance as per Pass Book.
Firstly you need to analyze the reasons for difference in balance of these two books. Then proceed with the balance as per any one book given to you and add or subtract the amounts earlier considered because of which the difference has raised. The end balance will be the balance as per the other book.
The simple format of BRS is as below:
Bank Reconciliation Statement as on.. | |||
S. No. | Particulars | PlusItems (Rs) | MinusItems (Rs) |
| Balance as per the Cash Book | xxx |
|
| Cheques issued but not presented | xxx |
|
| Interest credited by bank | xxx |
|
| Cheque deposited but not credited by bank |
| xxx |
| Bank charges not recorded in cash book |
| xxx |
|
|
|
|
| Balance as per pass book |
| xxx |