connie ce lau Started The Discussion:
I am Connie.I just joined this forum recently. This forum is very interesting, can share each other opinion and it help me a lot.
I am new in accounting line.Can somebody help/teach me how to do bank reconciliation in accounting way?Is the bank statement for very month must tally with our bank-recon from our account? If yes, how to do?
Pls advise me. Thank in advance.:confused:
Bank Reconsiliation 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
Op.Bal - 20000
So you have to idenfited which cheque is cleared.
If any doubt pls send to mail id -
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