Question

Amount directly deposited by debtors in Bank of 20000. How will it be treated for the purpose of bank reconciliation statement?

Answer 1

Explanation:

lodgement will appear on the bank statement as a credit entry, as it increases the liability of the bank to the account holder. In the books of the account holder, a lodgement will be a debit entry in the bank account on the general ledger.

Answer 2

Amount directly deposited by debtors in bank of 20,000 can be treated as

= Debit in cash book

In bank reconciliation statement balance as per cash book = add the amount directly deposited by debtors