What is covered in Bank Reconciliation Statement?
Bank Reconciliation Statement is Chapter 5 in NCERT Class 11 Accountancy. The verified chapter structure includes Introduction, Need for Reconciliation, Preparation of Bank Reconciliation Statement.
Chapter 5AccountancyCBSE Class 11
Bank Reconciliation Statement
Bank Reconciliation Statement is Chapter 5 of NCERT Class 11 Accountancy. The chapter covers Introduction, Need for Reconciliation, Preparation of Bank Reconciliation Statement. Use this public guide to revise the official topic structure before asking Lerno for step-by-step help.
3 topicsChapter 5 of 6
Study with AITopics covered
3 sections01
Introduction
Introduction
02
Need for Reconciliation
IntroductionTiming Differences(a) Cheques issued by the bank but not yet presented for payment(b) Cheques paid into the bank but not yet collected(c) Direct debits made by the bank on behalf of the customer(d) Amounts directly deposited in the bank account(e) Interest and dividends collected by the bank(f) Direct payments made by the bank on behalf of the customers(g) Cheques deposited/bills discounted dishonouredDifferences Caused by Errors(a) Errors committed in recording transaction by the firm(b) Errors committed in recording transactions by the bank
03
Preparation of Bank Reconciliation Statement
IntroductionPreparation of Bank Reconciliation Statement without adjusting Cash(a) Dealing with favourable balances(b) Dealing with overdrafts
Key concepts
IntroductionNeed for ReconciliationPreparation of Bank Reconciliation StatementIntroductionTiming Differences(a) Cheques issued by the bank but not yet presented for payment(b) Cheques paid into the bank but not yet collected(c) Direct debits made by the bank on behalf of the customer(d) Amounts directly deposited in the bank account(e) Interest and dividends collected by the bank
Practice questions
Frequently asked
How should I revise Bank Reconciliation Statement?
Revise the chapter topic by topic: start with Introduction, Need for Reconciliation, Preparation of Bank Reconciliation Statement, then practice questions that mix definitions, examples, and application steps.
Can I use Lerno for Class 11 Accountancy questions?
Yes. Lerno is built for CBSE students and uses NCERT-grounded context so students can ask for explanations, practice prompts, and step-by-step guidance for this chapter.
Study prompts
1
Explain Introduction from Bank Reconciliation Statement and give one NCERT-style example or practice step.
2
Explain Need for Reconciliation from Bank Reconciliation Statement and give one NCERT-style example or practice step.
3
Explain Preparation of Bank Reconciliation Statement from Bank Reconciliation Statement and give one NCERT-style example or practice step.
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