은행계정 조정표(Bank Reconciliation Statement)

Definition of bank reconciliation statement (BRS)

It is a statement which is prepared to reconcile the causes of difference between bank balance as per cash book (business record) and bank balance as per passbook (bank's record). For example, at 31 Dec 2021, cash book balance $70,000 and passbook balance $80,000. There is difference by $10,000.

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FORMAT

 

Cash Book (Business's record)

Date	Cash	Bank	Date	Cash	Bank

*Dr Increase Cr Decrease

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Pass book (bank's record)

Date	Particular	Debit	Credit	Balance

*Dr Decrease Cr Increase,  client's deposits in the point of view of bank are liabilities 

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 Bank reconciliation statement of (company name) as at 31 Dec 2021

Particulars	$	$
Balance as per cash book		xxx
(+) Add	xxx
	xxx
	xxx	xxx
		xxx
(--) Less	xxx
	xxx
	xxx	(xxx)
Balance as per pass book		xxx

 

 

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What causes differences between cash book and passbook?

1.     Items appear in cash book but NOT in pass book.

• Cheques issued by business entity not debited by bank.
• Cheques deposited but not credited by the bank.
• Errors
• Standing instructions

 

2.     Items appear in passbook but NOT in cash book.

• Banking fees, interest charge
• Direct deposits in bank account
• Bills for collection
• Interest and dividend collected by bank

 

Check points
▶ Receipt
Cheques deposited
The business entity receives the cheques from customers and deposits them into my bank – cleared in few days.

▶ Payment
Cheques issued
The business entity issues cheques to suppliers and deposits them into their banks – cleared in few days.

__________________________________________________________________________________________
Two Possible scenarios
(move only cash book) Balance (+) as per cash book = Overdraft (-) as per pass book
(move only pass book) Balance (+) as per pass book = Overdraft (-) as per cash book 

 

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Example 1

Balance as per cash book shows a balance of $15,000, and adjust the following transactions as below and prepare for balance reconciliation statement.

 

i) Cheque issued but not yet presented for payment, $5,000

ii) Cheque desposited in the bank but not collected, $8,000

iii) Bank paid insurance premium, $4,000

iv) Bank charges, $400

v) Direct deposit by a customer, $10,000

vi) Interest on investments collected by bank, $12,000

 

(+) ▶ (i), (v), (vi)

(--) ▶ (ii), (iii), (iv)

 

Particulars	$	$
Balance as per cash book		15,000
Add: (+)
(i)	5,000
(v)	10,000
(vi)	12,000
		27,000
		42,000
Less: (--)
(ii)	8,000
(iii)	4,000
(iv)	400
		(12,400)
Balance as per pass book		29,600

 

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Example 2

Balance as per pass book shows a balance of $20,000, and adjust the following transactions as below and prepare for balance reconciliation statement.

 

i) Cheque deposited into the bank, but no entry was made in the cash book, $400.

ii) Cheque received and entered in the cash book but not sent to bank, $2,200.

iii) Credit side of the cash book bank column cast short, $400.

iv) Insurance premium paid directly by the bank $800.

v) Bank charges entered twice in the cash book, $50.

vi) Cheque issued but not presented to the bank for payment $300.

vii) Cheque received entered twice in the cash book $2,000.

viii) Bill discounted dishonoured not recorded in the cash book, $6,000.

 

(+)▶ (ii), (iii), (iv), (vii), (viii)

(--)▶ (i), (v), (vi)

 

Particulars	$	$
Balance as per pass book		20,000
Add: (+)
(ii)	2,200
(iii)	400
(iv)	800
(vii)	2,000
(viii)	6,000
		11,400
		31,400
Less: (--)
(i)	400
(v)	50
(vi)	300	(750)
Balance as per cash book		30,650

 

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Example 3

Bank overdraft as per cash book shows a balance of $7,850, and adjust the following transactions as below and prepare for balance reconciliation statement.

 

i) Interest on overdraft is entered in passbook, $300

ii) Bank charges are debited in the pass book only, $70

iii) Cheque issued but not cashed, $2,000

iv) Cheque paid into bank but not cleared, $3,200

v) Interest on investments collected by the bank and credited in the pass book, $1,500

 

(+)▶ (i), (ii), (iv)

(--)▶ (iii), (v)

 

 

Particulars	$	$
Overdraft as per cash book		7,850
Add: (+)
(i)	300
(ii)	70
(iv)	3,200
		3,570
		11,420
Less: (--)
(iii)	2,000
(v)	1,500
		(3,500)
Overdraft as per pass book		7,920

 

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Example 4

Bank overdraft as per pass book shows a balance of $17,000, and adjust the following transactions as below and prepare for balance reconciliation statement.

 

i)  Cheques issued but not presented for payment $9,000.

ii) Cheques deposited with the bank but not collected $10,000.

iii) Dividend collected by bank $5,000 but recorded in cash book as $6,000.

iv) Direct deposit into bank by customer $4,500

v) Bank charges debited in the pass book $300.

vi) Premium of life insurance policy paid by the bank on standing advice, $2,000.

 

(+)▶ (i), (iv)

(--)▶ (ii), (iii), (v), (vi)

 

Particulars	$	$
Overdraft as per pass book		17,000
Add: (+)
(i)	9,000
(iv)	4,500
		13,500
		30,500
Less: (--)
(ii)	10,000
(iii)	1,000
(v)	300
(vi)	2,000
		(13,300)
Overdraft as per cash book		17,200