Explain how Bank Reconciliation Statement is Prepared with an adjusted balance of cash book?
two ways for preparing the bank reconciliation statement, i.e., (i) Without Adjusting Cash book Balance. (ii) After Adjusted Cash Book Balance.
Now we shall move to study the steps taken in preparation of bank reconciliation statement in each of the above cases.
(I) Preparation of Bank Reconciliation Statement without Adjusting Cash Book Balance:
Under this approach, the following steps are to be taken:
Step 1:
All items appearing in the bank pass book should be checked and ticked with the items appearing in cash book.
Step 2:
The un-ticked items in both the books i.e. cash book and pass book are listed according to their nature of difference.
Step 3:
Put the balance of cash book or pass book as the first item in bank reconciliation statement. The favourable
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