While preparing BRS, if we find difference in cash book
with bank statement,we rectify the entries after that where
it is posted which is rectifyed? it is posted in cash book
or other separate book?
Answer Posted / abc.dinesh
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http://www.futureaccountant.com/bank-reconciliation-
statement/study-notes/cash-pass-book-bank-balances-
difference-reconciliation.php
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.