Question

The Bank had debited a cheque for Rs. 150 to Mr. Hari’s Account by mistake, it should have been debited by them to Mr. Kar’s Account. What will be the effect in BRS

Answer 1

Answer:

Explanation: If we are preparing Bank Reconciliation statement taking the balance of cash book then

We will deduct the amount of Rs.150.00 from Cash book balance for the purpose of reconciliation and will arrive at the balance of Bank account duly tallied.