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Syllabus

Bank Reconciliation Statement — Syllabus

ICSE · Class 11 · Accountancy

What Bank Reconciliation Statement covers in ICSE Class 11 Accountancy: 4 topics, for the 2026-27 session. Part of the ICSE Class 11 Accountancy syllabus.

47 questions34 flashcards5 concepts

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4 Topics · ICSE Class 11 Accountancy · 2026-27

Topics in Bank Reconciliation Statement

1

Meaning and Importance

  • A businessman generally opens a current account with a bank for bank transactions.
  • The bank periodically provides the customer a copy of the statement of all bank transactions.
  • Cash book and pass book entries for the same transactions should in principle show the same balance, differing only in debit/credit nature.
2

Causes of Difference Between Cash Book and Pass Book

  • Cheque issued but not yet presented causes cash book to show lesser balance than pass book.
  • Cheques paid into bank for collection but not yet credited by the bank cause cash book to show higher balance than pass book.
  • Cheques paid into bank for collection but dishonoured cause cash book to show higher balance than pass book.
3

Rules for Preparing BRS

  • Bank reconciliation statement is prepared by taking the balance of one book as the base and adjusting all items to arrive at the balance of the other book.
  • If the given balance in a question is not specified as favourable or unfavourable, it is treated as favourable and placed in the plus items column.
  • An item not recorded in either book does not affect the reconciliation.
4

Classification of Common Items

  • Cheque issued but not yet presented for payment → Cause of difference: Cash Book balance lesser than Pass Book.
  • Cheques paid into bank for collection but not yet credited by the bank → Cause of difference: Cash Book balance higher than Pass Book.
  • Cheques paid into bank for collection but not yet credited by bank → Effect Table: Cash Book Increase, Pass Book Decrease.

Key Concepts

Central concept: Bank Reconciliation Statement as a statement prepared to identify reasons for difference between Cash Book and Pass Book balances and to reconcile them

Meaning of Bank Reconciliation StatementCash Book bank columnPass Book or Bank StatementNeed and importanceCauses of differenceFavourable and unfavourable balanceMethod of preparationGeneral formula

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Frequently Asked Questions

What are the important topics in Bank Reconciliation Statement for ICSE Class 11 Accountancy?
Key topics in Bank Reconciliation Statement include Meaning and Importance, Causes of Difference Between Cash Book and Pass Book, Rules for Preparing BRS, Classification of Common Items. Study these first, then practise questions on each for Class 11 exams.
How should I revise Bank Reconciliation Statement for Class 11 exams?
Learn the core ideas first, then work through the 47 practice questions on Bank Reconciliation Statement. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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