BRS

First a BRS is prepared to identify the reason for difference. Then entries which should have been passed are passed in books. Again a final BRS is prepared. For exams, if adjusted cashbook is not asked you can just prepare BRS.

CA Suraj Lakhotia

Admin

04-May-22 11:12

Dividend received by the bank not recorded in cash book. Adjustment: dividend is recorded in bank - so bank balance has increased - so cash book balance also has to be increased - Therefore it should be ADDED

Ramacharana B

CA Final

★ 2K+

04-May-22 09:59

Yeah bro tnx! But my question is whether reconciling or rectification as it was not recorded in cash book. Like omission entries should form adjusted cashbook. That was my doubt actually!!!

Thread Starter

Sugam SM

CA Final

★ 9K+

04-May-22 10:39

Dividend received by the bank is not recorded in the cash book. It is reconciling part. if you go from cash book to passbook then add it if you go from passbook to cash book then deduct it.

Jitendra Kumar

CA Final

★ 41K+

04-May-22 10:44

So not recorded so isn't that omission?

Thread Starter

Sugam SM

CA Final

★ 9K+

04-May-22 10:45

Yes. it is an omission. it will be rectified by passing a journal entry. but the question is not asking for rectifying the error.

Jitendra Kumar

CA Final

★ 41K+

04-May-22 10:55

But isn't it as on financial year end so we need to prepare adj cash book

Thread Starter

Sugam SM

CA Final

★ 9K+

04-May-22 10:57