Bank Reconciliation Question: Download Bank Reconciliation PDF
Explain the reasons which cause pass book of the bank and your bank book not tally?
Answers:
Answer #1* Cheques deposited into the bank but not yet collected
* Cheques issued but not yet presented for payment
* Bank charges
* Amount collected by bank on standing instructions of the concern.
* Amount paid by the bank on standing instructions of the concern.
* Interest debited by the bank
* Interest credited by the bank
* Direct payment by customers into the bank account
* Dishonour of cheques
* Clerical errors
* Cheques issued but not yet presented for payment
* Bank charges
* Amount collected by bank on standing instructions of the concern.
* Amount paid by the bank on standing instructions of the concern.
* Interest debited by the bank
* Interest credited by the bank
* Direct payment by customers into the bank account
* Dishonour of cheques
* Clerical errors
Answer #2Outstanding cheques uncleared cheque dividend income errors in recording direct deposit by customer direct payment by customer dishonored cheque Zakat deducted bank charges with holding tax locker charges mistakes in calculation
Answer #3Bank charges, Amount collected by bank on standing instructions of the concern, Direct payment by customers into the bank account etc
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