Page 6 - Lesson Note

bank

iii. Direct payments by the bank as per xxx
standing instruction
iv.dishnour of the cheque or bills of xxx
exchange

chequeissued but omitted to be recorded xxx
in the cash book

Credit balance as per passbook* xxx

xxx xxx

Meaning of Pass book with Credit balance:

 Pass book with credit balance means favourable balance or Positive

balance.

 Credit balance or Positive balance as per Pass book means the
accountholder has so much balance of deposits at the bank.

Preparation of Bank reconciliation Statement starting

with Pass book Credit balance:

Particulars Plus Minus
items Items

Credit balance (favourable balance) as per Pass xxx
book

Add :I. Cheque deposited but yet not credited xxx
by the bank

ii.bank charges/interest debited by the bank xxx

iii.direct payments by the bank as per standing xxx
instruction

iv.dishnour of the cheque or bills of exchange xxx

V. chequeissued but omitted to be recorded in xxx
the cash book

Less: i. Cheque issued but not yet presented for xxx
payment

ii. interest allowed by the bank or interest xxx

iii.dividend collected by bank xxx