Welcome Guest. Sign in or Signup

8 Answers

  1. lisa on Dec 22, 2011 reply

    To Prepare a Bank Reconciliation Statement
    (a) Compare transactions that appear on both Cash Book and Bank Statement
    (b) Update Cash Book from details of transactions appearing on Bank Statement
    (c) Balance the bank columns of the Cash Book to calculate the revised balance
    Complete a Bank Reconciliation Statement
    (a) Enter correct date of the statement
    (b) Enter the balance at bank as per the Cash Book
    (c) Enter details of unpresented cheques
    (d) Enter sub-total on reconciliation statement
    (e) Enter details of bank lodgements
    (f) Calculate balance as per Bank Statement
    Page 2
    Most organisations keep a record of their cash and bank transactions in a
    cash book (see Chapter 13). The cash book contains a record of both the cash
    account and the bank account and shows the balance in each account at the
    end of a period. Once the cash book has been balanced off it is usual to check
    the details with the records of the firm’s bank transactions as recorded by the
    To enable this check to be made the cashier will need to ensure that the cash
    book is completely up-to-date and a recent bank statement has been obtained
    from the bank.
    Often,when a comparison is made between the bank balance as shown in the
    firm’s cash book with that shown on the bank statement, the two balances
    will be different. It is for this reason that a bank reconciliation statement
    is prepared to reconcile (‘tally up’) the two balances. The reconciliation may
    identify errors that may have been made in either the firm’s cash book or in
    the bank’s records. Any corrections can then be made.
    An example of a bank reconciliation statement is shown below. As you can
    see, it is a very simple calculation. The process of drawing up a bank
    reconciliation statement will be explained in full on pages xx-xx.

    for more

    0 Votes Thumb up 0 Votes Thumb down 0 Votes

  2. sweetheart on Dec 22, 2011 reply

    go through some accounting books u’ll get some important info abt BRS

    0 Votes Thumb up 0 Votes Thumb down 0 Votes

  3. 0 Votes Thumb up 0 Votes Thumb down 0 Votes

  4. warennie on Dec 22, 2011 reply

    A bank reconciliation statement is to keep your bank statements in balance with your books. I’ve only studied this for a short while and im no expert, but in its simplest for you need to have two coloums, your closing bank balance and your closing books balance at one date (end of month in question). Then you need to correct each of them for any differences. Add interest earned to your books, minus no-sufficient fund cheque to books (and anything else that will account for the difference in balances. Then to your bank side, you need to add cheque’s in transfer and anything else that due to the time lag between the statements creation and the end of the books has not been included. Then you tally up all the coloums, and the balances in both books and bank should balance. If not you have not accounted for any differences. I hope you were asking for a very simple illustration and not planning on presenting your boss with a real life bank reconsilition :)

    0 Votes Thumb up 0 Votes Thumb down 0 Votes

  5. Hsenid K on Dec 22, 2011 reply

    you should have cashbook and passbook of the client and then you should see the difference between the books and you should add or subract to tally .

    0 Votes Thumb up 0 Votes Thumb down 0 Votes

  6. Muhire Gosbert on Jul 19, 2013 reply

    you have tried to outline procedures to follow when preparing bank reconciliation but also you should try to provide certain example showing both cash book and bank records as par bank, hoping that could help a learner to get areal picture of this sub topic. Thank you.

    0 Votes Thumb up 0 Votes Thumb down 0 Votes

  7. Ellen Shikoyeni on Aug 29, 2013 reply

    I am stuck i need your assistance

    0 Votes Thumb up 0 Votes Thumb down 0 Votes

  8. meggy on Sep 10, 2014 reply


    0 Votes Thumb up 0 Votes Thumb down 0 Votes


Subscribe to Professional Answers on Investments by Email

Note: You will soon get email from Google Feedburner to confirm your subscription.

Professional Answers on Investments

If you are not satisfied with the above answers, tell us below and we will give you right answer.


If you know the better answer, post below and prove your knowledge.

Answer Question

Do you like this website? Get future updates via our Free newsletter.

Email ID:


InvestmentKit is also available in



Our Network:

InvestmentKit.com DodaCharts.com IndianPostOffice.Helpof.com AnswersKit.com SBILifeInsurance.Helpof.com RTILeaks.com
PaisaYehPaisa.com PublicProvidentFundIndia.com TechnologyPedia.com MoneySavingsHelp.com VedicAstrologyKit.com  
YellowPagesKit.com InvestmentKit.us InvestmentKit.com.au AadhaarCardUIDAI.in IndianRailwaysPNR.in BreakingNewsKit.com
 Privacy and Disclaimer  


Insurance is the subject matter of solicitation.

Mutual Fund investments are subject to market risks. Please read the offer document carefully before investing.