Question

21. On the 30th September, 2019, the bank column of Harsh's Cash Book showed a debit
balance of Rs. 18,900.
On comparing the Cash Book with the Bank Statement, for the month of September,
2019, he finds the following differences between the two:
a) A bank charge of Rs. 290 debited by the bank, has not been recorded in the cash
Book.
b) Payment made directly by a customer to the bank, 1,820 was not recorded in the
Cash Book
(c)A cheque of Rs. 450 received from a customer and banked on the same day, was
not recorded in the cash column of the Cash Book.
d) A cheque of Rs. 1,500 received from Aman and deposited into the bank was
dishonoured. The entry for dishonor was not recorded in the Cash Book.
e) On standing instructions of Harsh, the bank paid Rs. 1,800 as insurance premium or
his life insurance policy. This payment was not recorded in the Cash Book.
​

Answer 1

Answer:

The 30th September, 2019, the bank column of Harsh's Cash Book

Explanation:

The two amounts typically don't add up when the bank balance and the balance displayed in the company's cash book are compared.

Therefore, in order to reconcile (tally) the two balances, we must first identify the reasons for the discrepancy and then express those reasons in a declaration known as a bank reconciliation statement.

We require a bank balance according to the cash book, a bank statement as of a specific day, and information for both books in order to generate a bank reconciliation statement. If there is a discrepancy between the two balances, the entries in both books are compared to identify the specific items and quantities that account for the disparity.

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