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Revision Notes

Bank Reconciliation Statement — Revision Notes

NIOS · Class 10 · Accountancy

Bank Reconciliation Statement revision notes for NIOS Class 10 Accountancy: 4 topics in quick points. Part of the NIOS Class 10 Accountancy syllabus.

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 Meaning and Need of BRS, Causes of Difference Between Cash Book and Pass Book, Rules for Preparing BRS, Illustrations and Important Answers. Study these first, then practise questions on each for the NIOS Class 10 board exam.
How should I revise Bank Reconciliation Statement for the NIOS Class 10 board exam?
Learn the core ideas first, then work through the 43 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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All NIOS Class 10 Accountancy Revision Notes

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