Prepare BRS for the following:
i) Debit balance as per cah book- XXX
ii) A cash discount allowed of Rs. 112 was recorded as Rs. 121 in the bank column.
(And please explain me how it happened.)
Bank Reconciliation Statement as on.. | |||
S. No. | Particulars | PlusItems (Rs) | MinusItems (Rs) |
| Debit Balance as per the Cash Book | XXX |
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| Add : discount wrongly recorded as Rs 121 instead of Rs 112 | 9 |
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Explanation: Here, discount allowed Rs 112 is wrongly shown as Rs 121 in the Cash Book (Bank Column). This means that the balance of Cash Book is short by Rs 9 (Rs 121-Rs 112). To bring the balance at par with the Bank Pass Book, Rs 9 is added to the Balance shown as per Cash Book.