Finance Numericals

  Bank Reconciliation Statement: It is a statement prepared by company to know the cause of difference between cash book bank column balance and bank pass book balance. It is prepared daily, monthly, yearly according to the requirement. With the help of this statement company can ascertain the differences by comparing one book balance with other book bank balance. If any transactions are omitted then it is written in book and if any transactions recorded wrongly by bank then it is informed by company on time or if  any transaction is recorded wrongly by company then it is corrected by company itself. Bank Reconciliation statement format: Bank Reconciliation Statement As on ---------2021 Particulars Amount Amount Debit balance as per cash book   --------- Add: Cheque issued but not presented for bank ----   Add: Interest, dividend collected by bank   ----