Kerala Plus One Accountancy Notes Chapter 5 Bank Reconciliation Statement
A Bank Reconciliation Statement is a statement prepared by the depositor to reconcile the bank balance as per Cash book with the balance as per pass book on a certain date.
പാസ്ബുക്കിൽ എഴുതിയിരിക്കുന്ന ബാലൻസും ക്യാഷ് ബുക്കിൽ (Bank column) എഴുതിയിരിക്കുന്ന ബാലൻസും താരതമ്യം ചെയ്ത്, രണ്ട് ബാലൻസും ശരിയാണോ എന്ന് ഉറപ്പു വരുത്തുന്നതിനുവേണ്ടി ഒരു നിശ്ചിത സമയത്ത് depositor തയ്യാറാക്കുന്ന സ്റ്റേറ്റ്മെന്റ് ആണ്
Causes of differences between cash book balance and pass book balance
There are certain valid reasons for disagreement between the balances of cash book and pass book, they are as follows:
ക്യാഷ് ബുക്കിന്റെയും പാസ് ബുക്കിന്റെയും ബാലൻസുകൾ തമ്മിലുള്ള വ്യത്യാസത്തിന് സാധുവായ ചില കാരണങ്ങളുണ്ട്, അവ ഇനിപ്പറയുന്നവയാണ്:
1. Cheque issued but not presented for payment
When a trader issues cheque to a third person, he immediately enters in the cash book whereas, it will be entered by the bank only when the cheques are presented to the bank for payment.
2. Cheque paid in but not credited by bank
Cheque received from customers might have been paid into bank and entered on the debit side of the cash book by the trader. But the bank will credit the same only after realization of the cheque.
3. Interest etc. credited by bank
Interest allowed on bank balance, dividends etc. collected by the bank will be credited in the pass book. But the trader may not enter the same in his cash book on the same day.
4. Bank charges etc. debited in pass book
Bank charges, interest on overdraft, commission for collection of cheques, bills, etc. will be debited by the bank in pass book as and when they occure. But it will be entered by the trader only on a later date in his cash book as he may not be aware about them on the same day.
5. Cheques credited but dishonoured
When cheque is discounted, bank will credit it in pass book and customer debit it in cash book, hence both the balances will be increased. Later on if this cheque is dishonoured, the bank will debit the customers account (pass book) but it may not be entered by the trader in his cash book at that time.
The customers of a trader might have deposited money into the trader’s bank account directly. But it may not be intimated to the trader soon, hence it will not be recorded in the cash book.