Project work 2 (procedure)
Preparation of Bank Reconciliation Statement with the help of given cash
book and Pass Book.
If both the books (cash book and passbook) are given, the following
procedure will be adopted.
Step 1.
Tick off the items which are found both in the cash book and passbook/bank
statement. Put sign before such items.
Items ticked will neither be recorded in amended cash book nor in Bank
Reconciliation Statement.
Step 2.
The unticked items in the passbook will indicate items that have not yet
been recorded in cash book.
These items will usually consist of:
(i) Direct deposits by customers in bank.
(ii) Bank charges.
(iii) Interest charged by bank.
(iv) Interest allowed by bank.
These items are to be recorded in the amended cash book.
Step 3.
Balance the bank columns of cash book to know an updated balance. Bank
Reconciliation Statement is to be prepared on the basis of this updated balance.
Step 4.
Identify the unticked items on the Receipts side of the Cash Book. These
items generally consist of 'cheques deposit to the bank but not collected'.
Step 5.
Amended Cash Book is to be prepared on the basis of items identified in
step 1, 2, 3.Bank reconciliation statement is to be prepared on the basis of items
identified in steps 4 and 5.
Project : 1
The cash book of Shivalik Global Limited, showing the bank columns only,
is given below along with a copy of the Pass Book of its bank account with
Allahabad Bank for April 2011.
You are required to prepare amended Cash Book and reconcile it with Pass Book.
CBSE Accountancy Class XI ( By Mr. Aniruddh Maheshwari )
Email Id : [email protected]
