This document outlines 18 items that need to be reconciled between a bank's cash book and pass book when preparing a bank reconciliation statement. Items such as cheques issued but not cleared, interest earned but not recorded, and expenses charged by the bank but not entered in the cash book can cause discrepancies. The reconciliation process involves determining the appropriate additions or subtractions from the cash book and pass book balances for each reconciling item to arrive at an accurate balance.
This document outlines 18 items that need to be reconciled between a bank's cash book and pass book when preparing a bank reconciliation statement. Items such as cheques issued but not cleared, interest earned but not recorded, and expenses charged by the bank but not entered in the cash book can cause discrepancies. The reconciliation process involves determining the appropriate additions or subtractions from the cash book and pass book balances for each reconciling item to arrive at an accurate balance.
This document outlines 18 items that need to be reconciled between a bank's cash book and pass book when preparing a bank reconciliation statement. Items such as cheques issued but not cleared, interest earned but not recorded, and expenses charged by the bank but not entered in the cash book can cause discrepancies. The reconciliation process involves determining the appropriate additions or subtractions from the cash book and pass book balances for each reconciling item to arrive at an accurate balance.
+ for payment 2. Cheques etc. paid into Bank but not 3. Interest collected allowed by Bank not + entered in Cash Book 4. Expenses charged by Bank but entered in Cash Book not 5. Cheques etc. paid into Bank but + omitted to be entered in Cash 6. Cheques Paid into Bank and Book dishonoured but no entry being passed in Cash Book for 7. Interest on Bank Overdraft dishonour by the Bank but not entered in charged Book Cash 8. Insurance Premium paid by Bank 9. Interest on Investment entered in + Pass Book but not in Cash Book 10. Rebate on retiring of the bill + entered in Passpayment Book butmade not inbyCash 11. Direct the + Book Debtor 12, Cheques into Bank issued and payment _ received by the payee but the issue of cheque being omitted to be enteredpayment in Cash received Book by Bank 13. Direct
not entered in Cash Book
14. Cheque etc. entered in Dr. side of _ the 15. Direct payment from Bank not Cash Book but not sent to Bank entered in Cash Book 16. Cheques issued and dishonoured but no entry being passed in Cash + Book for dishonour 17. Any wrong entry in Dr. side of _ the Book Pass 18. Any wrong entry in Cr. side of + the Pass Book