method of Cash Book Balance
Method of Cash Book Balance is balanced at the end of a given period by inserting the excess of the debit on the credit side as “by balance carried down” to make both sides agree. The balance is then shown on the debit side by “To balance brought down” to start the next period.
Bank Reconciliation Statement: Learning Objectives: Define and explain bank reconciliation statement. What are the reasons of disagreement of the balances of cash book and bank statement. Prepare the format of the statement. Prepare bank reconciliation statement. Definition and explanation Causes of disagreement between cash