Bank Reconciliation Statement
Class 11 Accountancy · Financial Accounting Part I · Chapter 5
CBSE Class 11 community
View all
Accountancy, Business Studies, Economics + English
7~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Every subject, one purchase- Accountancy
- Business Studies
- + 3 more
Accountancy
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
All 2 books, one purchase- Accountancy
Physics, Chemistry, Maths + English
7~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Every subject, one purchase- Mathematics
- Physics
- + 3 more
Physics, Chemistry, Biology + English
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Every subject, one purchase- Physics
- Chemistry
- + 3 more
Accountancy
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
TrendingRevise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Accountancy
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Hindi Elective
2~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
All 2 books, one purchase- हिंदी
Hindi Core
2~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
All 2 books, one purchase- हिंदी
Chemistry
2~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
All 2 books, one purchase- Chemistry
Political Science
2~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
All 2 books, one purchase- Political Science
Urdu Elective
2~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
All 2 books, one purchase- اردو
- Urdu Elective
Hindustani Music (Vocal / Melodic)
2~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
All 2 books, one purchase- हिंदुस्तानी संगीत
Home Science
2~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
All 2 books, one purchase- Home Science
English Core
2~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
All 2 books, one purchase- Hornbill
- Snapshots
Geography
3~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
All 3 books, one purchase- Geography
Sociology
2~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
All 2 books, one purchase- Sociology
Economics
2~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
All 2 books, one purchase- Economics
Physics
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
All 2 books, one purchase- Physics
Mathematics
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
TrendingRevise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Physics
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Physics
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Chemistry
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Chemistry
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Biology
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Business Studies
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Economics
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Economics
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
History
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Geography
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Geography
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Geography
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Political Science
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Political Science
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Sociology
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Sociology
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Psychology
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
English Core · Hornbill
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
English Core · Snapshots
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
English Elective · Woven Words
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
हिंदी (आधार)
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
हिंदी (आधार)
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
हिंदी (ऐच्छिक)
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
हिंदी (ऐच्छिक)
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
संस्कृतम् (केन्द्रिकम्)
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
संस्कृत (ऐच्छिक)
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
اردو (کور)
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
اردو (اختیاری)
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Urdu Elective
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Computer Science
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Informatics Practices
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
TrendingRevise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Home Science
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Home Science
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Fine Art · Painting
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Biotechnology
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Knowledge Traditions
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
सृजनात्मक लेखन और अनुवाद
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Health and Physical Education
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
हिंदुस्तानी संगीत (गायन / वादन)
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
हिंदुस्तानी संगीत (गायन / वादन)
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
हिंदुस्तानी संगीत (तबला / पखावज)
~140days leftAnnual exams · school dates varyFeb–Mar 2027 · school-specific · tentative
Revise all of it in about an hour- Space weighted by unit marks
- Charts from the book's own data
- Traps corrected
Summary
A bank reconciliation statement is prepared to reconcile the bank balance shown by the firm's cash book with the balance shown by the bank passbook or bank statement. The passbook is a copy of the customer's account as maintained by the bank, and in practice the two balances rarely tally on a given date. The differences arise mainly from timing differences in recording transactions and from errors. Timing differences include cheques issued but not yet presented for payment, cheques paid into the bank but not yet collected, direct debits made by the bank such as bank charges, amounts directly deposited by customers into the account, interest and dividends collected by the bank, direct payments made by the bank under standing instructions, and dishonour of cheques or bills. Errors may be committed either by the firm in its cash book or by the bank in the passbook. A favourable balance is a debit balance in the cash book (credit balance in the passbook), while an overdraft is a credit balance in the cash book (debit balance in the passbook). The statement can be prepared starting from either the cash book balance or the passbook balance, and may be drawn with or without first adjusting the cash book; in practice the cash book is usually adjusted before reconciliation.
Meaning and need for bank reconciliationCauses of difference: timing and errorsFavourable balances and overdraftsPreparation starting from cash book or passbookReconciliation with and without adjusting the cash book
Key terms
Bank Reconciliation Statement
A statement prepared to reconcile the bank balance as per the cash book with the balance as per the passbook by listing the items of difference.
Passbook
A copy of the customer's account as maintained in the books of the bank, showing deposits, withdrawals and the balance.
Timing Difference
A difference caused by a time gap between the recording of a transaction in the cash book and in the passbook.
Overdraft
A negative bank balance where withdrawals exceed deposits, shown as a credit balance in the cash book and a debit balance in the passbook.
Favourable Balance
A debit balance in the bank column of the cash book, equal to a credit balance in the passbook.
Standing Instruction
An instruction to the bank to make regular payments such as insurance premium or rent on the customer's behalf.
Extra questions & answers
Try one from this chapter
A bank reconciliation statement reconciles the balance of the cash book with the balance of the: