Skip to main content
Super TutorResources
Chapter 10 of 38
QuestionsNotesFlashcardsSummaryFormulasQuizConceptsSyllabusPlan
Syllabus

Bank Reconciliation Statement

NIOS · Class 12 · Accountancy

Complete topic list for Bank Reconciliation Statement in NIOS Class 12 Accountancy. Key concepts, sub-topics, and what to focus on for board exams.

5 concepts

Interactive on Super Tutor

Studying Bank Reconciliation Statement? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for syllabus and more.

Try Super Tutor — Free

1,000+ Class 12 students started this chapter today

4 Topics · NIOS Class 12 Accountancy

Topics in Bank Reconciliation Statement

1

Meaning and Need of Bank Reconciliation Statement

  • A Cash Book records all bank transactions from the firm's side. The bank column of the Cash Book acts as the firm's own bank account record.
  • A Pass Book (or Bank Statement) is a copy of the customer's account maintained by the bank. It is regularly sent to the customer.
  • Ideally, the balance in the bank column of the Cash Book should match the balance in the Pass Book at any given date.
2

Reasons for Difference Between Cash Book and Pass Book Balances

  • REASON 1 — Cheques Issued But Not Yet Presented for Payment (Outstanding Cheques): When a firm issues a cheque, it immediately records it on the CREDIT side of Cash Book (reducing balance). But the ba
  • REASON 2 — Cheques Deposited But Not Yet Collected (Uncredited Cheques): When a firm deposits cheques, it immediately records them on the DEBIT side of Cash Book (increasing balance). But the bank cre
  • REASON 3 — Direct Deposits by Customers into Bank (ECS/NEFT receipts): Sometimes debtors directly deposit money into the firm's bank account. The bank credits it immediately but the firm records it on
3

Preparation of Bank Reconciliation Statement — Favourable Balance

  • When the bank balance is positive (favourable), the Cash Book shows a DEBIT balance and the Pass Book shows a CREDIT balance.
  • BRS can be started from EITHER the Cash Book balance OR the Pass Book balance.
  • FORMAT: BRS has two columns — Plus Amount (additions) and Minus Amount (deductions).
4

Preparation of Bank Reconciliation Statement — Overdraft / Unfavourable Balance

  • Overdraft means the firm has withdrawn MORE money than it has in the bank. It is an UNFAVOURABLE balance.
  • Overdraft is shown as: CREDIT balance in Cash Book AND DEBIT balance in Pass Book.
  • When overdraft balance is given, place the opening balance in the MINUS column of BRS (not the Plus column).

Key Concepts

A Bank Reconciliation Statement isA Pass Book (also called BankThe Cash Book is the firm'sWhen a firm issues a chequeWhen a firm deposits cheques into

Frequently Asked Questions

What are the important topics in Bank Reconciliation Statement for NIOS Class 12 Accountancy?
Bank Reconciliation Statement covers several key topics that are frequently asked in NIOS Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Bank Reconciliation Statement — NIOS Class 12 Accountancy?
Start by understanding all key concepts. Practise previous year questions from this chapter. Revise formulas and definitions regularly. Use flashcards for quick revision before the exam.

Sources & Official References

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

More resources for Bank Reconciliation Statement

All 38 chapters — NIOS Class 12 Accountancy Syllabus

For serious students

Get the full Bank Reconciliation Statement chapter — for free.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for NIOS Class 12 Accountancy.

Try Super Tutor Free
Try the full chapter — Free