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Answer Posted / r.srinivas
Bank Reconciliation is very simple, It's difference between
bank book and pass book
that means difference between your book and pass book, I.e –
your bank balance is Rs. 20000/- In the End of Month 28th
Sep you issue a cheque Rs.15000/-This 15000 cheque is
cleared on only 3rd oct so You have to prepare the BS as on
30th sep
Your book (bank Book)
Op.Bal - 20000
Ch.Issued - 15000
Balance as per your book - 5000
Pass book
Op.Bal - 20000
Still Rs.20000-
So you have to identities which cheque is cleared.
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