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    BRS Table

    Uploaded by

    Dibyani Dash
    The document lists items of difference between bank balances in a cash book and pass book and the reasons for adjustments. The key differences include cheques issued but not cleared, direct deposits or credits by the bank not recorded, interest credited by the bank but not in cash book, charges or debits by the bank not in cash book, and errors in recording transactions in either book. Adjustments are made by adding or deducting from either book to make the balances match for each difference based on the reason listed.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    BRS Table

    Uploaded by

    Dibyani Dash
    33 views3 pages
    The document lists items of difference between bank balances in a cash book and pass book and the reasons for adjustments. The key differences include cheques issued but not cleared, direct deposits or credits by the bank not recorded, interest credited by the bank but not in cash book, charges or debits by the bank not in cash book, and errors in recording transactions in either book. Adjustments are made by adding or deducting from either book to make the balances match for each difference based on the reason listed.

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    BRS TABLE

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    The document lists items of difference between bank balances in a cash book and pass book and the reasons for adjustments. The key differences include cheques issued but not cleared, direct deposits or credits by the bank not recorded, interest credited by the bank but not in cash book, charges or debits by the bank not in cash book, and errors in recording transactions in either book. Adjustments are made by adding or deducting from either book to make the balances match for each difference based on the reason listed.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    33 views3 pages

    BRS Table

    Uploaded by

    Dibyani Dash
    The document lists items of difference between bank balances in a cash book and pass book and the reasons for adjustments. The key differences include cheques issued but not cleared, direct deposits or credits by the bank not recorded, interest credited by the bank but not in cash book, charges or debits by the bank not in cash book, and errors in recording transactions in either book. Adjustments are made by adding or deducting from either book to make the balances match for each difference based on the reason listed.

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    ITEMS OF DIFFERENCE REASON FOR ADJUSTMENT AS PER CASH BOOK AS PER PASS BOOK

    1. Cheques issued but not Amount earlier deducted from Cash Book balance
    presented for payment at the time when cheque was issued. But, since the
    cheque has not been presented for payment in the
    bank, the balance in the bank remained
    Added Deducted
    untouched.

    2. Cheque or cash directly The cheque or cash has been directly deposited in
    deposited into bank the bank, the balance in the bank stands increased.
    Whereas, the balance in the cash book remained Added Deducted
    untouched.

    3. Interest allowed by the The bank has already credited the amount in the
    bank Bank Statement or Bank Pass Book but these
    amounts have not yet been entered in the Cash Added Deducted
    Book.

    4. Bills of exchange realized The bank has realized the Bill of Exchange and has
    credited the amount in the account of the account
    holder. However, it is not recorded in the Cash Added Deducted
    Book

    5. Wrong credited granted Bank wrongly credited the account i.e., increase in
    by the bank bank balance but the balance in the cash book Added Deducted
    remained untouched.
    6. Interest allowed by the Bank credited the interest in the account of
    bank account-holder i.e., increase in bank balance but Added Deducted
    the balance in the cash book remained untouched.
    7. Cheque deposited but The amount entered in Cash Book has not been
    not yet collected by the collected or credited by the Bank. Deducted Added
    bank
    8. Cheque or Bill of The amount entered to the Cash Book balance,
    exchange dishonoured whereas the cheque or bills of exchange has been
    dishonoured which means the bank has not Deducted Added
    credited the amount in the account holder’s
    account.
    9. Bank charges charged by The Bank debits the account by the charges, thus,
    the bank the balance as per bank stands reduced. Bank Deducted Added
    charges are not recorded in the Cash Book.
    10. Interest charged by The Bank debits the account by the interest
    bank (on overdraft) charged, thus, the balance as per bank stands
    reduced. Interest debited by bank is not recorded Deducted Added
    in the Cash Book.
    11. Direct payment by the The bank has paid on behalf of the account holder
    bank as per standing directly and thus, has debited the account.
    instruction However, the amount has not been entered in Cash Deducted Added
    Book.
    12. Wrong debit by the The balance as per bank is reduced, as wrongly
    bank debited by the bank. Since, it is not recorded in the Deducted Added
    Cash Book, Cash Book shows higher balance.
    13. Cheques recorded but The Cash Book balance stands increased with the
    not deposited in bank amount. But the bank will increase the balance Deducted Added
    upon receipt of the cheque and its clearance.
    14. Cheques deposited and The bank has already credited the amount in the
    credited by the bank but Bank Statement or Bank Pass Book but these
    not recorded in cash book amounts have not yet been entered in the Cash Added Deducted
    Book.
    15. Bank made a payment The bank deducted lesser amount whereas full
    under a rebate but full amount was credited in the cash book. So
    amount was credited in adjustment shall be made difference amount. Added Deducted
    cash book

    Transactions related to casting/totaling of Cash Book


    UNDERCAST OVERCAST
    As Per Cash Book As Per Pass Book As Per Cash Book As Per Pass Book

    Receipt Side/ Debit Side of Cash Book Added Deducted Deducted Added
    Payment Side/ Credit Side of Cash Book Deducted Added Added Deducted

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