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    Treatment:-: Less From Bank Statement

    Uploaded by

    Safi Sheikh
    This document outlines various types of reconciling items that may appear on a bank reconciliation and their proper accounting treatment. It discusses unpresented checks, uncredited checks, bank charges, interest credited, and various posting errors. For each item, it provides a brief description and indicates whether the item should be added to or subtracted from the bank statement balance or cash book balance. The overall purpose is to provide guidance on accurately reconciling a bank statement to the cash book.

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    Download as DOCX, PDF, TXT or read online from Scribd

    Treatment:-: Less From Bank Statement

    Uploaded by

    Safi Sheikh
    36 views4 pages
    This document outlines various types of reconciling items that may appear on a bank reconciliation and their proper accounting treatment. It discusses unpresented checks, uncredited checks, bank charges, interest credited, and various posting errors. For each item, it provides a brief description and indicates whether the item should be added to or subtracted from the bank statement balance or cash book balance. The overall purpose is to provide guidance on accurately reconciling a bank statement to the cash book.

    Original Title

    BRS (1).docx

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    This document outlines various types of reconciling items that may appear on a bank reconciliation and their proper accounting treatment. It discusses unpresented checks, uncredited checks, bank charges, interest credited, and various posting errors. For each item, it provides a brief description and indicates whether the item should be added to or subtracted from the bank statement balance or cash book balance. The overall purpose is to provide guidance on accurately reconciling a bank statement to the cash book.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    36 views4 pages

    Treatment:-: Less From Bank Statement

    Uploaded by

    Safi Sheikh
    This document outlines various types of reconciling items that may appear on a bank reconciliation and their proper accounting treatment. It discusses unpresented checks, uncredited checks, bank charges, interest credited, and various posting errors. For each item, it provides a brief description and indicates whether the item should be added to or subtracted from the bank statement balance or cash book balance. The overall purpose is to provide guidance on accurately reconciling a bank statement to the cash book.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    1.

    Un-Presented Cheques / Outstanding Cheques/ Un


    paid Cheques:-
    Un-presented cheques are those cheques which are issued for the
    payment, but are not presented for the payment to the Bank yet.
    Treatment :- Less from Bank Statement
    2. Un credited Cheques/Un cleared cheques:-
    These cheques are those cheques which we receive from our
    customers and they are also deposited into bank, but due to any
    reason they are not credited by the Bank

    Treatment :- Add in Bank Statement

    3. Bank service Charges/ Mark up Charges / Dishonored


    cheque/Notes or Bills Paid by the bank on behalf of the
    firm/any amount debited by Bank on account of
    Interest,leasing cheques /or any amount debited by
    Bank:-
    Treatment :- Less from Cash Book BB

    4. Interest / mark up/ bank profit/credited by bank/ any


    amount credited by the bank on account of dividend
    collection, Direct deposit by a customer,/Notes or bills
    received on behalf of the firm or any amount credited
    by Bank.

    Treatment :- Add in Cash Book BB


    5.Posting Errors:-
    a) When a payment is made, but it is
    recorded in any of the books(Cash Book
    or Bank Statement) with more than
    actual amount.

    Treatment :- Add the difference

    b) When a payment is made, but it is


    recorded in any of the books(Cash Book
    or Bank Statement) with Less than actual
    amount.

    Treatment :- Less the difference

    c) When a Payment is received, but it is


    recorded in any of the books(Cash Book
    or Bank Statement) with more than
    actual amount.
    Treatment :- Less the difference
    d) When a Payment is received, but it is
    recorded in any of the books(Cash Book
    or Bank Statement) with Less than actual
    amount.

    Treatment :- Add the difference

    6. The Bank made the payment but by mistake


    it is charged to the firm’s account:-

    Treatment :- Add in Bank Statement

    7.The Bank received the payment from any


    other firm, but by mistake it is added to the
    firm’s account:-

    Treatment :- Less from Bank Statement

    8.The firm received the payment, but by


    mistake it is recorded in payment side in
    cash book

    Treatment :- Add in Cash Book with Double amount


    9.The firm made the payment the payment,
    but by mistake it is recorded on the receipt
    side of cash book

    Treatment :- Less from Cash Book with Double amount

    ******BEST OF LUCK*****

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