Pass book Overdraft Rs 10,000 as on 31st Dec 2008
1. Items unticked in the pass book are:
(i) Incidental charges Rs 25
(ii) Dividend collected by the bank on our behalf
Prepare BRS.
I do not understand what is meant by unticked.
Dear Student,
When we compare Pass Book with the Cash Book, the items that does appear in both the books are unticked, which is to say, such items are to be taken into consideration for preparing Bank Reconciliation Statement (BRS).
For example,
Dividend directly collected by Bank- This will not appear in the Cash Book (as business does not know about it)
This will appear in the Pass Book (as bank has directly collected it)
So, this item will be unticked (not ticked- as it does not appear in both the books) and will be considered for preparation of BRS.
Hope this clarifies your doubt.
Keep posting!!
When we compare Pass Book with the Cash Book, the items that does appear in both the books are unticked, which is to say, such items are to be taken into consideration for preparing Bank Reconciliation Statement (BRS).
For example,
Dividend directly collected by Bank- This will not appear in the Cash Book (as business does not know about it)
This will appear in the Pass Book (as bank has directly collected it)
So, this item will be unticked (not ticked- as it does not appear in both the books) and will be considered for preparation of BRS.
Hope this clarifies your doubt.
Keep posting!!