# Bank Reconciliation Statement, Class 11 Accountancy | SwaVid Bank Reconciliation Statement, NCERT Class 11 Accountancy: notes with key ideas, formats, common mistakes and 3 quick checks with worked answers. Canonical: https://www.swavid.com/cbse/class-11/accountancy/chapter/bank-reconciliation-statement Source: https://www.swavid.com/cbse/class-11/accountancy/chapter/bank-reconciliation-statement # Bank Reconciliation Statement ## Definitions, formats and formulas ## Key ideas ## Common mistakes ## Quick checks ## Keep going ## Questions parents ask ## Class 11 Accountancy on SwaVid ### Need for reconciliation ### Causes of difference ### Nature of balances ### Bank reconciliation statement ### Preparation with adjusted cash book ### Next chapter ### Related chapter ### Related chapter ### All chapters SwaVid › CBSE › Class 11 › Accountancy › Bank Reconciliation Statement Notes written by SwaVid from the NCERT textbook. Class 11 Accountancy, Chapter 5. Key ideas, definitions and common mistakes. CBSE does not print marks for a single chapter. Short answer. This chapter explains the need for reconciling the bank balance shown in the cash book with the balance shown in the passbook. It teaches how to identify timing differences, errors, and prepare a bank reconciliation statement. Source: NCERT Financial Accounting I (Reprint 2026-27) , Chapter 5, Bank Reconciliation Statement The bank column of the cash book and the bank passbook track the same transactions. Their balances often differ at a given date because of timing gaps or errors. Differences arise mainly due to time lag in recording transactions like cheques issued but not presented, cheques paid in but not collected, direct debits, and direct deposits. Errors committed either by the business in the cash book or by the bank in the passbook also cause differences. A debit balance in the cash book represents an asset or bank balance. In the passbook, this corresponds to a credit balance. A credit balance in the cash book means an overdraft, which appears as a debit balance in the passbook. A bank reconciliation statement is a statement prepared on a specific date to reconcile the bank balance as per cash book with the balance as per passbook. It can be prepared with or without adjusting the cash book first. When the cash book is adjusted first, all items recorded in the passbook but omitted from the cash book, along with cash book errors, are entered into the cash book. The reconciliation statement is then prepared using only timing differences like unpresented or uncollected cheques. Try each question first. Then tap it to see the answer. Starting balance as per cash book = Rs 10,000 Add: Cheques issued but not presented = Rs 3,000 Less: Cheques deposited but not collected = Rs 2,000 Passbook balance = 10,000 + 3,000 - 2,000 = Rs 11,000 Rs 11,000 (Credit balance) Starting balance: Overdraft as per cash book = -Rs 8,000 Less: Bank charges debited by bank = -Rs 400 Add: Direct deposit by customer = +Rs 2,500 Passbook balance = -8,000 - 400 + 2,500 = -Rs 5,900 Rs 5,900 (Debit balance / Overdraft) Starting balance as per passbook (Cr) = Rs 15,000 Add: Cheques deposited but not cleared = Rs 4,500 Less: Cheques issued but not presented = Rs 6,000 Cash book balance = 15,000 + 4,500 - 6,000 = Rs 13,500 Rs 13,500 (Debit balance) Trial Balance and Rectification of Errors . Recording of Transactions - I . Recording of Transactions - II . The 9 chapters of Class 11 Accountancy . CBSE does not give marks to one chapter. It prints marks for units or parts, and the chapter list page shows them all. No. They are written by SwaVid from the NCERT textbook. The CBSE curriculum is the reference for what is assessed. Trial Balance and Rectification of Errors. SwaVid is an AI tutor for Indian students in Classes 6 to 12. It finds the earlier ideas a child missed, then teaches today’s chapter. Start free to see how it works. - Ch 5 NCERT book - 80 marks, theory paper - 3 quick checks - Treating passbook debit as a favourable balance . Remember that the passbook is written from the bank viewpoint. A debit in the passbook means a withdrawal or an overdraft, while a credit means a deposit or a favourable balance. - Adding cheques deposited but not cleared when starting from cash book . Such cheques have already increased the cash book balance but not yet the passbook balance. Therefore, deduct them to arrive at the passbook balance. - Adjusting unpresented cheques in the adjusted cash book . Unpresented cheques are already entered in the cash book. Enter only omitted transactions like bank charges, direct deposits, and internal cash book errors in the adjusted cash book. ## Key Links - [CBSE](https://www.swavid.com/cbse) - [Class 11](https://www.swavid.com/cbse/class-11) - [Accountancy](https://www.swavid.com/cbse/class-11/accountancy/chapters) - [Start free →](https://www.swavid.com/signup) - [All 9 chapters](https://www.swavid.com/cbse/class-11/accountancy/chapters) - [NCERT Financial Accounting I (Reprint 2026-27)](https://ncert.nic.in/textbook.php) - [Open notes](https://www.swavid.com/cbse/class-11/accountancy/chapter/trial-balance-and-rectification-of-errors) - [Open notes](https://www.swavid.com/cbse/class-11/accountancy/chapter/recording-of-transactions-i) - [Open notes](https://www.swavid.com/cbse/class-11/accountancy/chapter/recording-of-transactions-ii) - [Class 11 Accountancy](https://www.swavid.com/cbse/class-11/accountancy/chapters) - [Start free →](https://www.swavid.com/signup)