In this article, We have provided the Question-wise solution of all Questions of Chapter 11 Bank Reconciliation Statement – D.K. Goel – (Class 11 – ISC) – Solution But first of all we have explained the meaning of Bank Reconciliation Statement.
What is a Bank Reconciliation Statement
Bank Reconciliation Statement in short BRS, is an explanation of the difference between bank balance as per cash book and bank balance as per Passbook(Bank statement). Sometimes, The bank balance as per the cash book and passbook does not tally with each other, then we can know the difference between them by preparing the bank reconciliation statement.
The bank reconciliation statement is the process of checking the differences between a bank column of the cash book and the bank statement or passbook. We have to check all the transactions recorded in the cash book with transactions recorded in the passbook by our bank. This statement is attached to the financial statement for the financial year of enterprises.
Chapter 11 Bank Reconciliation Statement – D.K. Goel -(Class 11 – ISC)- Solution
Question-wise solution of all Questions of Chapter 11 Bank Reconciliation Statement – D.K. Goel -(Class 11 – ISC)- Solution are shown below: –