Balance in books of accounts for preparation of bank reconciliation statement shall be taken from?

Cash Ledger Account

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Two column cash book

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One column cash book

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Bank Statement

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Solution

The correct option is B
Two column cash book

Such balance shall be taken from a two column cash book. The double column cash book (also known as a two column cash book) has two columns on both debit and credit sides, one to record cash transactions and the other to record bank transactions.

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Similar questions

Balance of bank account for preparation of bank reconciliation statement shall be taken from ___ for matching the same with cash book.

Q. While preparing bank reconciliation statement, balance of bank account shall be taken from for matching the same with cash book.

From the following Cash Book (with cash and Bank columns) prepare necessary Ledger Accounts and balance them.

Cash Book (with Cash & Bank Columns)
Dr.						Cr.
Date	Particulars	L.F.	Cash Rs	Bank Rs	Date		Particulars	L.F	Cash Rs	Bank Rs
2011 Apr.					2011 Apr.
1	To Balance b/d		400	1,000	1		By Purchases A/c		700
2	To Ram ‘s A/c		980		3		By Rent A/c			200
3	To Sales A/c			4,000	10		By Sita’ s A/c		300
7	To Interest A/c		120		8		By Salaries A/c			450
10	To Sales A/c		500		10		By Purchases A/c			1,350
25	To Bank A/c		2,000		30		By Cash A/c			2,000
					30		By Balance c/d		3,000	1,000
			4,000	5,000					4,000	5,000
May 1	To Balance b/d		3,000	1,000

Q. The balance in the books of account shall be taken from for preparation of bank reconciliation statement.

From the following entries in the Bank column of the cash Book of Mr. Kunal and the corresponding Bank Statement, prepare Bank Reconciliation Statement as on 30^th April 2011.

Cash Book (Bank Column)
Dr. Cr.
Date	Receipts	Rs	Date	Payments	Rs
2011 April 1	To Balance b/d	12,500	2011 Apr. 1	By Salaries A/c	4,000
4	To Sales A/c	8,000	7	By Purchases A/c	3,200
8	To Paritosh A/c	1,500	9	By Machinery A/c	6,000
13	To Mahima’s A/c	3,400	11	By Omkar’s A/c	1,000
18	To Karina’s A/c	4,600	15	By Drawings A/c	800
21	To Furniture A/c	1,200	18	By Vijay’s A/c	2,000
25	To Sales A/c	3,800	20	By Shobha’s A/c	1,000
30	Too Firoz’s A/c	3,000	28	By Printing A/c	500
			30	By Balance c/d	19,500
		38,000			38,000

Bank Statement
Date	Particulars	Deposits Rs	Withdrawals Rs	Balance Rs
2011 April 1	Balance			12,500
2	Cheque		4,000	8,500
6	Cash	8,000		16,500
6	Cheque		3,200	13,300
10	Paritosh	1,500		14,800
16	Mahima	3,400		18,200
17	Cheque		800	17,400
20	Karin	4,600		22,000
24	Cash	3,800		25,800
28	Cheque		6,000	19,800
28	Shobha		1,000	18,800
30	Interest	100		18,900
30	Firoz	3,000		21,900
30	Bank Charges		10	21,890

You are required to prepare Bank Reconciliation Statement as on 30th April 2011

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Balance in books of accounts for preparation of bank reconciliation statement shall be taken from?

The correct option is B Two column cash book Such balance shall be taken from a two column cash book. The double column cash book (also known as a two column cash book) has two columns on both debit and credit sides, one to record cash transactions and the other to record bank transactions.

The correct option is B
Two column cash book

Such balance shall be taken from a two column cash book. The double column cash book (also known as a two column cash book) has two columns on both debit and credit sides, one to record cash transactions and the other to record bank transactions.