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Revision Notes

Bank Reconciliation Statement

NIOS · Class 10 · Accountancy

Quick revision notes for Bank Reconciliation Statement — NIOS Class 10 Accountancy. Key concepts, formulas, and definitions for last-minute revision.

43 questions40 flashcards5 concepts

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Key Topics to Revise

1

Meaning and Need of BRS

  • BRS is a statement, not an account.
  • It is prepared periodically.
  • Its purpose is to find the causes of difference between the Cash Book balance and the Pass Book balance.
2

Causes of Difference Between Cash Book and Pass Book

  • Cheques issued but not yet presented for payment cause a difference because the bank records them later.
  • Cheques deposited but not yet collected by the bank cause a difference because the bank credits them later.
  • Amount directly deposited by customers into the bank increases the bank balance first, so the Cash Book balance becomes less than the Pass Book balance.
3

Rules for Preparing BRS

  • First check whether the given balance is favourable or negative overdraft.
  • If the balance is favourable, use the normal plus and minus items.
  • If the balance is an overdraft, write it in the Minus column because it is a negative balance.
4

Illustrations and Important Answers

  • M/s ABC Ltd.: Cash Book balance of ₹62,500 reconciles to Pass Book balance of ₹70,700.
  • M/s Deep Traders: Cash Book balance of ₹1,00,000 reconciles to Pass Book balance of ₹37,200.
  • M/s XYZ Ltd.: Pass Book balance of ₹70,700 reconciles to Cash Book balance of ₹62,500.

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Full Notes

Key Concepts

The Cash Book is maintained byThe Pass Book is the copyBRS is a statementThe objective of preparing BRSCheques issued by the trader reduce

Frequently Asked Questions

What are the important topics in Bank Reconciliation Statement for NIOS Class 10 Accountancy?
Key topics in Bank Reconciliation Statement include Bank Reconciliation Statement - Complete Overview, Bank Reconciliation Statement - Concept Overview, Bank Reconciliation Statement — Complete Concept Map. These are the concepts NIOS Class 10 examiners draw on most — study them first, then practise related questions.
How to score full marks in Bank Reconciliation Statement — NIOS Class 10 Accountancy?
Understand the core concepts first, then work through the 43 practice questions available for this chapter. Revise formulas and 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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