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Answer Posted / bharat bhushan sachdeva
Bank Reconciliation statement is a statement prepared on a
particular date to reconcile the difference between the
balances shown by bank pass book and Bank column of cash
book and after finding those causes for the differences
between the balances of both the books these balances are
eliminated to maintain proper records.
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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
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