Is bank reconciliation statement,
a part of double entry system?

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Solution

No, it is not a part of double entry system. it is a method to reconcile the differces in the balance of bank as per cash book and as per pass book.

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Q. Which statement is uncommon for a Bank Reconciliation Statement?
(i). Part of the double entry system
(ii). Not part of the double entry system
(iii). Sent by the firm to the bank
(iv). Posted to the ledger accounts.

Q. Which is the statement is uncommon for a Bank Reconciliation Statement?
a. Part of the double entry system
b. Not part of the double entry system
c. Sent by the firm to the bank
d. Posted to the ledger accounts.

A Bank Reconciliation Statement is a ___.

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

Q. Which of the following items appearing on a bank reconciliation would require an adjusting entry?

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Is bank reconciliation statement, a part of double entry system?

No, it is not a part of double entry system. it is a method to reconcile the differces in the balance of bank as per cash book and as per pass book.

Is bank reconciliation statement,
a part of double entry system?