Hello friends, hello, mic testing, hello, hello, hello,
hello, 1, 2, 3, 4, 1, 2 ka 4, 4, 2 ka 1, my name is Lakhan.
Sir, you look very happy, what is the matter today?
The thing is that whatever we have discussed so far, the
theory that we have studied so far, now it is time to see
its practical.
A few questions will flash on your computer screen.
Before that, I will talk a little, a little, a little, a
little, a little.
Then we will do some practicals, then we will leave for the
teleprime journey.
We will take off.
How was it?
Sir was very good.
Start without any delay.
Here, come friends, come friends, friends, friends, who had
left the things, let us see them , take this.
Let's see what all things were left, let's see them, this
is all done, yes, this was all done too, what is written
here?
There is a format of some bank reconciliation statement
here, but friends, it will be useful to understand the
theoretical concept.
How to apply the concept we have just understood, this
format will only be useful in questions.
And there is no need to see this format here, now we will
do the question and see there.
But when we understand this, then only we will understand
how to reconcile in teleprime, so it is also necessary to
do this.
And what do golden words say?
Golden words say that BRS is a separate statement in which
the balance of cash book and passbook is adjusted.
No adjustment is made in cash book and passbook itself.
It is said that bank reconciliation is a separate statement.
It is not that we do something in passbook, it is not that
we do something in cash book.
We pick up a separate paper and adjust the balance of the
cash book and try to bring it equal to the passbook.
Or we pick up the balance of the passbook, adjust it and
try to bring it equal to the balance of the cash book.
As far as theoretical things are concerned, when we do it
in teleprime, then we will be adjusting the balance of the
cash book.
Because we have only cash book.
And see some more things here.
The plus item column denotes favorable condition to the
account holder and minus item column denotes unfavorable
condition to the account holder.
Debit balance as per cash book is favorable and credit
balance as per passbook is also favorable.
The account holder, whose account is in the bank, we have
to think from his point of view.
When it will be favorable for him and when it will be
unfavorable for him.
We have to think from the point of view of the account
holder.
So sir, if we have to think favorably from the point of
view of the account holder, then two things are favorable
for him.
The debit balance of the cash book or the credit balance of
the passbook is favorable for the account holder.
It is a good condition.
How sir?
What is the meaning of debit balance in the cash book?
That money has come to our account.
Our money is deposited in the bank.
We do debit what comes in.
So it is a good thing that your money is deposited in the
bank account.
Your money is on the bank.
Is this a good position?
Yes, of course.
And what do the bank people call this thing from their
point of view?
Credit balance as per passbook.
The bank is saying, yes, your money is on us.
So these two things are favorable for the account holder.
Remember debit balance as per cash book and credit balance
as per passbook.
And these two things, credit balance as per cash book and
debit balance as per passbook.
These two things are unfavorable.
These two things are bad for the account holder.
This is a bad situation for him.
This is an unfavorable condition for him.
How sir?
What is the meaning of credit balance in the cash book?
The money of the bank has been deposited on you.
You have used more than the money in the account.
Oh my God!
How do the bank people write this thing?
By writing debit in their passbook.
Debit balance as per passbook means that the bank has to
take money from you.
So this is an unfavorable condition for you.
It is a bad situation.
It is a bad thing.
The cap of debt is on your head.
Okay sir.
So keep this word in mind from the point of view of the
account holder.
Debit balance as per cash book and credit balance as per
passbook is a good thing for him.
It is a favorable condition for him.
And credit balance as per cash book and debit balance as
per passbook is an unfavorable condition for him.
See friends.
When you have a bank statement, you are working practically.
You will have a bank statement or a bank passbook.
So if you see in it, credit balance is written.
So believe me, the money of the account holder has been
deposited in the bank.
It is a good thing for the account holder.
It is a good thing.
The money of the account holder has been deposited in the
bank.
Okay sir.
And friends, if you see debit balance written somewhere in
it, then understand that the money of the bank has been
deposited on the account holder.
This is a bad equation for the account holder.
The business you are accounting for, the business you are
making BRS, the money of the bank has been deposited on it.
Understand as soon as you see the debit.
I am saying balance.
Final balance.
In transactions, the debit and credit will continue.
Sometimes the money will come out, sometimes the money will
come out.
If the debit balance comes in the final, then it becomes a
bad situation.
Okay sir.
Okay.
Note.
Unfavorable balance is known by another name.
What name?
Overdraft balance.
And leave this second note.
It is completely theory.
It will not apply in practical things, my dear friends.
Okay sir.
We don't have any problem.
Now you take us to the discussion and bring us to the
questions.
I said okay.
Very good.
Let's go.
Look at this.
You have to see some shortcut tricks.
Number A.
Number B.
Number C.
Number D.
There are four shortcut tricks, my friend.
Four cases.
Four shortcut tricks.
And BRS is over.
Do you know Chris Benoit?
He used to come in WWE before.
Over.
He didn't speak like this.
I mean, I am speaking.
His sign was like this.
He is English.
He will not say over.
He is not a fake undertaker of a sports movie.
Who will keep on speaking in Hindi.
And the people of our country will keep on becoming fools.
This is a real undertaker.
Search on Google.
Maybe his name is James or David.
He is not an undertaker.
Okay sir.
Okay.
So let's come back to the concept.
Look my friend.
We have seen many reasons for difference.
Difference can come for many reasons.
Yes sir.
We have seen many reasons.
Difference can come for many reasons.
Hmm.
So let's pick up one by one.
And try to understand the cases.
Take this.
Take this my friend.
Check issued but not presented for payment.
What was the situation from here?
We gave the check.
We made the counter minus with the salt.
It has not reached the bank.
So there is no entry in the passbook.
The money has not been deducted from the passbook yet.
The whole situation is.
The money has been minus from the cash book.
But there is no entry in the passbook yet.
The cash book has fallen down.
So see this.
What case we have here?
There is already a minus in the cash book.
Whereas there is no entry in the passbook.
It is the case of C.
This amount has already been minus from the cash book.
Whereas there is no entry in the passbook yet.
There is already a minus from the cash book.
There is no entry in the passbook yet.
So my friend, tell me one thing.
Has the cash book fallen down?
Absolutely right sir.
And the passbook has gone up?
Yes.
Because the cash book has been minus and it has been
dropped down.
The passbook has been minus and it has not been dropped
down.
The cash book is down and the passbook is up.
So how have they come equal?
How to remove this gap between them?
How to remove?
Tell me.
Now some people will say.
Sir, the passbook will have to be dropped down.
Then their balance will match.
Because they are saying.
If you have issued a cheque, then you will have to minus
from the cash book.
It means that it is not wrong to be minus in the cash book.
Minus from the passbook is left.
So minus from the passbook.
As soon as the passbook is also minus, it will come down.
But friends.
Friends.
Minus from the passbook is not in your favor.
You are not a bank.
You can't mess with the passbook.
If you mess with the passbook, you will go to jail.
You are absolutely right, sir.
You can't mess with the passbook.
Oh, oh, oh.
That's why I made you write something a while ago.
BRS is a separate statement.
In which the balance of the cash book or passbook is
adjusted.
Not the cash book or passbook.
You can't adjust the passbook.
You can't touch it.
You can't touch the passbook.
Whatever entry you will do in the passbook, the bank will
do it.
How can you mess with it?
How can you make any alteration in it?
Not possible.
We don't have to go to jail, sir.
Absolutely right.
You don't have to go to jail.
No alteration has to be done in it.
You can't do it either.
Hmm.
That is the job of the bank.
The bank will enter there.
That's why a separate paper is picked up.
Now some people must be saying, sir, do it in the cash book.
Now tell me one thing, what should I do in the cash book?
Then the passbook was refused to be brought down.
It can be equal in only two ways.
First listen to this.
Either take the cash book up or take the passbook down.
Now the passbook was refused to be brought down because we
can't adjust it.
Fine.
One thing.
Second thing.
We have not made any mistake in the cash book by minusing
it.
If you have given the cheque to the creator, then you will
have to minus the money from the cash book.
The balance of the cash book will have to be dropped.
What is the point in saying that?
Hmm.
The point is absolutely right, sir.
So, buddy, that is our...
We neither take the cash book up nor run the passbook.
The balance of the cash book or passbook that we see, we
pick up a separate paper and adjust these balances and make
them equal to each other.
We don't touch the main cash book or main passbook.
We pick up a separate paper and adjust it in the balance of
the cash book or passbook and make it equal to each other.
Oh, okay sir.
That's why I said that BRS is a separate statement.
BRS is a separate statement.
So listen to me now.
This is my cash book which was below and this is my
passbook which was above.
We don't have to adjust these two, but we can adjust their
balances and make them equal.
So the balance of the cash book is below and the balance of
the passbook is above.
We will pick up the BRS.
We have to match these two balances.
So what should we do?
Either we add it to the balance of the cash book and see if
it is equal to the balance of the passbook or not.
Either we add it to the balance of the passbook and see if
it is equal to the balance of the cash book or not.
That's right, sir.
Sir, why are we adding to the balance of the cash book?
You only said that we added to the balance of the cash book
and made it equal.
When we gave the cheque to the creator, it must have been
equal to the balance of the cash book.
Why are we adding to the balance of the cash book?
Listen carefully.
We are not adding anything to the balance of the cash book.
We are picking up the balance of the cash book on a
separate piece of paper and adding it to it.
This BRS has no effect on your main balance sheet or main
accounting.
This is a separate piece of paper.
We are not adding to the balance of the cash book.
We are picking up the balance of the cash book and adding
it to it.
We are just checking that if we add this error and this
timing difference to the balance of the cash book, then it
is equal to the balance of the passbook or not.
If it is equal to the balance of the passbook, then it is
very good.
You know that this was the only mistake due to which the
balance of the cash book and the passbook was mismatching.
There is no other mistake.
And if it is not equal to the balance of the passbook, then
it will indicate that more adjustments have to be made.
More mistakes are yet to be made.
This will be the indication of this.
So, the main objective of BRS is to find mistakes.
Yes!
With BRS, we get to know why there are errors and what are
the mistakes.
And whether all the mistakes have been found or not.
There is still something left.
Oh! Okay, sir.
And in the same way, by taking the balance of the passbook,
you can also minus it and get it equal to the balance of
the cash book.
Look at this.
This is the cash book.
There are a lot of transactions going on in this.
This is the passbook.
There are a lot of transactions going on in this.
But finally, its balance is X and its balance is Y.
So, you pick up a different piece of paper.
And what do you do?
You try to match them.
Either you pick them from the passbook and see that there
is one in the passbook and one in the cashbook as well.
There is one in the passbook and one in the cashbook as
well.
There is one in the passbook and one in the cashbook.
Not at all.
There is one in the passbook and one in the cashbook.
Here is one!
There is one here as well!
There is one!!
And here is one.
Not here!!
Either this is the format.
Here is another format.
I write it with black coloured pencil.
Here is another form as well.
Pick up X.
Let's say it's here in the cashbook
It's here, it's here, it's here, it's not here
But it's here, it's here, it's here, it's here Transaction
is here, it's not here, but it's here
You'll get the mistake anyway, yes
So I'm telling you, work with the balance of cashbook
Then you'll get all the errors
Or work with the balance of passbook Then also you'll get
all the errors
It's not a big deal
Doesn't that photo used to come in the newspaper first
In two pictures, the difference was found There were
similar photos
There were minor differences in them we had to find where
is the difference between them.
So, you always do like this that you mix the first photo
with the second one.
Sometimes in the second one, sometimes in the first one.
We used to do like this.
So, what is the way to do that?
Proper way is this.
Either pick up each item of the first picture and see in
the second one whether it is there or not.
Or else, match each item of the second picture with the
first one and see whether it is there or not.
So, you used to get all the differences.
We have to do exactly the same thing here.
We can have two options.
Either you mix the first photo with the second one or the
second one with the first one.
I remembered some principles of physics.
Let's go.
So, we have a case here that either you add it in the
balance of the cash book or minus it in the balance of the
passbook.
Keep this in mind.
I am not asking you to add it in the cash book.
I am not asking you to minus it in the passbook.
I am asking you to add or minus it in the cash book.
Cool, sir. Super cool.
Super duper cool, sir.
Here you go, friends.
So, what options do we have?
Either you add it in the balance of the cash book or minus
it in the balance of the passbook.
Okay, sir.
No problem at all.
Let's move to the next point.
Check deposited in the bank but not cleared.
What was there in this case?
Deposited money in the cash book but no entry in the
passbook.
This time, the amount in the cash book is plus and the cash
book is above.
There is no entry in the passbook yet.
So, the passbook is below.
So, how do we match these balances? Cash book is above and
passbook is below.
How do we match these balances, friends? What is the way?
Let me tell you what is the way.
Either you subtract the balance of the cash book and minus
it in the balance of the cash book or you add the balance
of the passbook and bring it up.
You can pull the neck of the passbook balance and bring it
up.
Or you can pull the leg of the cash book and bring it down.
Minus in the balance of the cash book or plus in the
balance of the passbook.
So, which case is this?
Here you go.
Check deposited in the bank but not cleared.
This means that there is already a plus in the cash book.
There is no entry in the passbook yet.
We went to the bank, deposited the cheque.
We added our cash in the cash book.
But the check has not been cleared.
That's why there is no entry in the passbook yet.
Two options.
If the balance of the cash book is above, if the balance of
the passbook is below, pull the leg of the balance of the
cash book and minus it.
Or hold the neck of the balance of the passbook and take it
up.
Plus it in that.
It's okay.
Let's move ahead.
Interest allowed by bank.
There is already a plus in the passbook.
And there is no entry in the cash book.
The bank gave interest and put it in our account.
There is already a plus in the passbook.
There is no entry in the cash book.
Tell all the smart kids.
Tell the successful people of the future.
Tell the people who are going to make a name in the future.
Sir, the balance of the passbook will be up because it has
been plus.
The balance of the cash book will be down.
The balance of the passbook will be up.
What do we do?
Sir, take the balance of the passbook, pull the leg of the
balance of the passbook or hold the neck of the balance of
the cash book and take it up.
Absolutely right.
So what case are we making now? It remained.
B case
There is already a plus in the passbook.
There is no entry of that amount in the cash book yet.
So either hold the neck of the balance of the cash book and
take it up or withdraw the balance of the passbook and
bring it down ok sir ok ok
let's try to understand the last case let's keep going line
wise interest and dividend collected by bank this is also
same as above plus in passbook and no entry in cash book so
either minus in passbook balance or plus in cash book
balance interest and other charges by bank let's understand
this Bank deducted your money by using interest and other
charges so amount from passbook got minus and there is no
entry in cashbook
Passbook balance below then balance in cash book above so
or withdraw the passbook balance and bring it up or
cashbook balance and squeeze it down let's see this case
like this amount in passbook is already cut and no entry in
cashbook so either hold the passport balance up or cashbook
balance and down
Okay, sir. No problem here.
Let's see the next.
Direct payment by the bank.
The bank has made a direct payment from our account.
Which I gave an example of insurance premium.
So, what is happening?
We are making a direct payment from the bank.
The money has been deducted from the passbook.
There is no entry in the cashbook.
The neck of the passbook is up.
Or the leg of the cashbook is pulled down.
Direct payment into the bank by the customer.
The money has been deposited in our account.
The balance of the passbook is up.
The cashbook is down.
So, bring the balance of the passbook down.
Or take the balance of the cashbook up.
Dishonor of a bill discounted with the bank.
The money has been deducted from the passbook.
There is no entry in the cashbook.
The balance of the passbook is down.
The cashbook is up.
So, take the balance of the cashbook down.
Or take the balance of the passbook up.
How was it? Sir, it was good.
Okay.
We had a lot of discussion in the last class.
That's why I am not able to speak fast in front of you.
It's not that we started speaking fast.
We explained a lot.
We worked hard.
That's why you are understanding everything at once.
Okay, sir.
Now, we are able to move towards a practical.
Now, let's do a practical journey.
Yes, sir.
There is a question.
Let's see.
There is a question.
On 31st March 2019, the bank passbook of Namrata showed a
balance of Rs.
1,50,000 to her credit while balance as per cashbook was Rs.
Practical things are coming now
Completely practical things are coming now
The passbook of Namrata
Namrata is an account holder
According to her passbook, the first thing of Rs.
1,50,000 is credit balance
Credit balance means good or bad
In passbook, credit balance means good or bad
Credit balance as per passbook means favorable
Good means good for an account holder
Namrata's balance is Rs.
While, the cashbook says balance is Rs.
Balance is mismatched due to some reasons
Both books were investigated
Both books were matched
It was found out the reason for this difference
On the scrutiny of the two books, we found out the reason
for this difference
Following are the causes of difference
First reason
She has issued cheques amounting to Rs.
Namrata has issued cheques amounting to Rs.
When cheque is issued, cashbook must have deducted Rs.
80,000 from it
Out of which only Rs.
32,000 were presented for payment
Namrata has issued cheques amounting to Rs.
Creditor has issued cheques amounting to Rs.
Namrata has issued cheques amounting to Rs.
You can see the difference
Cheques amounting to Rs.
48,000 have been deducted from cashbook
But there is still no entry in her passbook
Cheques amounting to Rs.
48,000 have been deducted from cashbook
But there is still no entry in her passbook
Due to which my cashbook balance has fallen
And my passbook balance is up
I have two options
Either I can make my balance equal to my passbook balance
Or I can make my balance equal to my passbook balance
These are the two options
Let's see the solution
Namrata Bank Reconciliation Statement 31st March 2019
Particulars, plus item, minus item
Plus item means favorable things
Good things from account holder's angle
Minus item means unfavorable things from account holder's
angle
Balance as per passbook credit
Is it good or bad?
It's good.
How much? Rs.
We have taken the balance of passbook
Now we will adjust it
And we will try to make it equal to cashbook balance Rs.
Which option will we have to choose?
We will have to choose this option Minus item in passbook
balance
Because we are adjusting passbook balance
We have taken Rs.
We are making it equal to Rs.
There can be another way to make BRS Take Rs.
1,20,050 and make it equal to Rs.
I will make it equal to Rs.
1,50,000 in some time
By this you will know
BRS doesn't mean that you are adjusting something in
cashbook or passbook
No, it is a skill to make balance equal to another balance
on a separate paper
Whether you start from 1st and come to 2nd
Whether you start from 2nd and come to 1st
After making BRS, it becomes so clear that
Finally, if the balance is matched
Whether you start from 1st and make it equal to 2nd
Whether you start from 2nd and make it equal to 1st
Finally, if the balance is matched
It means you have got all the mistakes
These are the points of BRS
Whatever mistakes are pending on behalf of the bank
You make them and give statement to the bank
And you tell the bank that these points are pending
You have to take care of them They should be entered
You have to enter them in your passbook
Whatever are pending on behalf of you You can do it later
And adjust them in your cashbook
Oh, okay, okay So, we have to choose minus option
That's why we will minus Rs.
48,000 from the balance of passbook
We will minus it
Next thing
She received a cheque of Rs.
Which she recorded in her cashbook But forgot to deposit in
the bank
My goodness
You should see it carefully
First, I will rub it up
This happens practically You have entered the cheque in
your cashbook
But you have not deposited it yet You have not deposited it
yet
How much is the cheque?
Rs. 5000
Which she recorded in her cashbook
So, as soon as the cheque came She danced
Namrata's accountant said She has added Rs.
5000 in her cashbook
But she has not deposited the cheque in the bank
Why? The boy is on leave
We don't have time to go to the owner
The accountant says I take salary to deposit the cheque
Keep the boy and sell him
He is not going
You have entered the cheque
But the office is closed to deposit There can be any reason
The cheque has come but the deposit has not been done
Has the money been added in the passbook?
No, sir.
The bank is not dreaming So, what will be in the passbook?
No entry
The balance of the cashbook is up The balance of the
passbook is down
Tell me two options
Sir, either in the balance of the cashbook
We minus Rs.
We subtract it Or in the balance of the passbook
We add Rs.
Because we are running on the balance of the passbook
So we have to add Rs.
We have to plus Rs.
Okay You have to choose the option of the passbook
You have to choose the option of the passbook
In the balance of the passbook
Not in the balance of the cashbook What is coming out
A cheque of Rs.
Deposited by her Has not been cleared yet
Deposit A cheque of Rs.
Deposited by Namrata in the bank
The same thing Must have been added in the cashbook
Rs. 22000
Has not been cleared yet
What will be in the passbook?
No entry
Again the same scenario
The balance of the cashbook is up The balance of the
passbook is down
If you are running from 1 to 50
Which I will show you in a while
If you are adjusting the balance of the cashbook
You have to choose the option of the plus
So Rs.
22000 will come under the plus column
Will come under the plus item
We will add Rs.
Number 4
Mr. Gupta
Deposited an amount of Rs.
In her bank Sir Mr.
Gupta is written
How can every word come
This Mr.
Deposited in Namrata's account
You just leave it
Your English grammar is also bad
I was just thinking that your mathematics is bad
Your English grammar is also bad
I am in a bad way
Mr. Gupta deposited an amount
Of Rs.
15700 in her bank
Which has not been recorded
By her in cashbook
Mr. Gupta went directly
Put Rs.
15700 in our account
In the bank So my passbook has been plus
And has not been recorded
In the cashbook There is no entry
We do not know in the cashbook There is no entry in the
cashbook
So the balance of the passbook has gone up
There are two options below the cashbook Take the balance
of the cashbook up
Or take the balance of the passbook down
One friend is spoiled
There are two options to make both equal
Either spoil the improved one or improve the spoiled one
Okay Now you are saying sir
That one should improve the spoiled one Think about
practical life
Has it ever happened
That one spoiled and one improved
Both have improved What are you saying
It depends on fate
How is your company
Rs. 15700
We have to do minus
It is attached to the balance of the passbook
We have to remove it from there Bank has credited
Rs. 1500 of interest
What does credit mean
Bank has credited It is very practical
Bank has credited Means we have received a message
This amount of Rs.
1500 interest has been credited to your account.
So has he added money to our passbook or minus?
He has added. He taught us in the very first class.
In the very first class.
That if the bank is crediting, in the passbook, credit
means plus and in the passbook, debit means minus.
In the cashbook, debit means plus and in the cashbook,
credit means minus.
Anyway, the bank is crediting interest money, so it is plus
only.
How much is 1500 rupees?
No entry has been made in the cashbook yet.
The balance of the passbook is up, the balance of the
cashbook is down.
So take the balance of the cashbook up or bring the balance
of the passbook down.
So we are adjusting with the balance of the passbook.
We will bring it down by minusing 1500 rupees.
Last but not the least, while charging 250 rupees as bank
charges and the bank has deducted the bank charges of 250
rupees.
Bank charges are deducted.
So this money has been deducted from the passbook.
And there is no entry in their cashbook.
This money has been deducted from the passbook.
So what is the reason?
Sorry, what is the scenario?
The cashbook is up, this time the balance of the passbook
is down.
So either bring the balance of the cashbook down by
minusing it or bring the balance of the passbook up by
plusing it.
So we will choose the plus option in the balance of the
passbook.
Okay sir.
Now pick up your calculator and see.
Finally, when we started the journey with the balance of
the passbook
when we started the journey with the balance of 1,50,000
rupees so by adding or subtracting from that, is it equal
to 1,20,050 or not?
First of all, we subtracted 48,000.
So subtract 48,000 from the calculator.
Then we added 5000.
Add 5000.
Then we added 22,000.
Add 22,000.
Then we subtracted 15,700.
Subtract 15,700.
Then we added 250.
Sir, magic.
It's magic.
I've got the vibe all you need.
He says something like this.
I have got all the vibes that you need.
He says something like this.
As soon as the curtain fell.
There is a song by Melika.
There is no change that can change.
Okay.
No change.
What didn't change?
Your and my way of getting the right answer didn't change.
Even today, we reach the right answer by asking questions.
We will keep reaching tomorrow.
There is never a mistake.
Why? Because we discuss the whole concept.
And your hard work.
By putting four moons in it.
This scenario becomes worth it.
Okay, sir.
Okay.
Here, brother.
1, 12, 0, 50 came.
Sir, you were also saying.
That we can adjust in 1, 12, 0, 50.
And bring it up to 1.5 lakh.
How will that work?
I will show you that work too.
Take this.
Which page is this?
We have a question on number 11.
Okay.
So, let's take the balance of the cash book.
Let's do one thing.
Take this.
Write with me.
All dear children.
With this, the matter will become clear to you like water.
Don't think why I am making you write.
The matter will become clear to you like water.
Take this.
A better picture of BRS will be made in front of you.
Start writing.
Namrata.
It takes time to learn something from the root.
Bank Reconciliation Statement.
Namrata.
Bank Reconciliation Statement.
As on 31st March, 2019.
Particulars.
Plus items.
Minus items.
Friends, I know that you are seeing a little energy low.
It might be possible.
But there is no increase in the concept.
Energy can be a little low because
I am not feeling well.
I have a lot of headache and
I won't say much fever.
But I feel very tired.
And I have a lot of headache.
But recording is being done for you.
Anyway, I shouldn't say this.
It's being done for you.
It's my job.
I am recording for myself and still going.
But you just need a little adjustment.
Okay? Okay, sir.
Okay.
It's for you.
You don't have to do any favor.
We like to work.
No doubt.
We are working for an earning.
What's in it?
Okay? You do a little adjustment from your side.
Okay, sir.
No doubt.
We will do it.
Sure.
Thank you.
Here it is.
So let's start with the balance as per cash book.
Balance as per cash book.
And if the credit balance in the passbook is favorable.
So what do we call the favorable balance of the cash book?
We are debit.
I showed you in the beginning.
Look at this.
We are calling the credit balance as per passbook favorable.
So it means that the debit balance of our cash book will be
favorable.
Means here we will take the favorable column.
This one.
We will take 1250 in this.
We will take 112050 in this.
Okay.
Come on.
Now let's see the points one by one again.
Issuing a cheque for Rs. 80,000.
Only Rs. 32,000 are present.
What is the scenario?
Rs. 80,000 have been deducted from the cash book.
Whereas Rs. 32,000 have been deducted from the passbook.
So Rs. 48,000 have been deducted from the cash book.
Whereas there is no entry in the passbook.
Means the balance of the cash book has fallen down.
And the balance of the passbook is up.
Two options.
Minus the balance of the passbook and bring it down.
Or.
Pick up the balance of the cash book which has fallen down
and take it up.
Because this time we are adjusting the balance of the cash
book.
So this time we will make it plus.
The balance of this cash book.
We will pick up 112050 and take it up a little.
We will make it plus in this 112050.
Rs. 48,000.
Means this will become an ad.
Although there is no need to write the ad.
Because we are writing under the plus item.
So just write this much.
Sir, do we have to write something like this in Tally
Valley too?
No, you don't have to write anything like this.
Now just understand.
Cheque issued.
But not presented.
Rs. 48,000.
Cheque issued.
But not presented.
Rs. 48,000.
No doubt sir.
No problem.
After that.
What is the next point we have?
Cheque of Rs. 5000 has come.
It has become plus in the cash book.
There is no entry in the passbook.
What does this mean?
Means there is 5000 plus in the cash book.
There is no entry in the passbook.
Means the balance of the cash book is up.
Below the passbook.
So take the balance of the passbook up.
We have seen that option.
We were adjusting the balance of the passbook.
Now we will see the second option.
To bring the balance of the cash book down.
Means we will bring the balance of the cash book down.
That is from how much money?
Rs. 5000.
Write in the minus column.
Rs. 5000.
Cheque received.
But not deposited.
Cheque has come.
But not deposited yet.
And the next point is absolutely similar to this.
Cheque has also been deposited.
Let's say you have.
Cheque has also been deposited.
But it has not been cleared yet.
Cheque has been deposited.
But not cleared.
Cheque has also been deposited.
But it has not been cleared yet.
Cheque has also been deposited.
But it has not been cleared yet.
What was the amount of it?
Rs. 22,022.
This will also be the same solution.
Deposit means.
You have added in the cash book.
Not clear means.
There is no entry in the passbook.
The balance of the cash book is up.
Below the passbook.
Either take the balance of the passbook up.
We have already seen that.
Or bring the balance of the cash book down.
We are seeing that now.
That's why in the balance of the cash book.
Minus has been done.
Rs. 22,000.
Okay Sir.
And Mr. Gupta has deposited.
Rs. 15,700.
And this money.
Has been plus in the passbook.
This Rs. 15,700.
Has been plus in the passbook.
Rs. 15,700.
And there is no entry in their cash book.
Means the balance of the passbook is up.
And below the cash book.
So the balance of the cash book.
The option to take up.
Will choose.
In the balance of the cash book.
Will make it plus.
Rs. 15,700.
Amount deposited directly.
By Mr. Gupta.
Amount deposited directly.
By.
Mr. Gupta.
Amount deposited directly.
By Mr. Gupta.
Last but not the least.
No, there are two left now.
The bank had credited.
Rs. 15,00.
Means that money.
Has been plus in the passbook.
And there was no entry in the cash book.
So the balance of the passbook was up.
Either bring it down.
We have seen that option.
Or the balance below the cash book.
Take it up.
That option.
Now we are seeing.
So make it plus.
Rs. 15,00.
Interest credited by bank.
Rs. 15,00.
Interest credited by bank.
Rs. 15,00.
And the bank has deducted Rs. 250.
From the passbook.
Which has not yet been deducted from the balance of the
cash book.
So minus the balance of the cash book.
Rs. 250.
Bank charges.
Deducted by bank.
If you want to see through the process.
You can see.
The money has been deducted from the passbook.
Means the balance of the passbook.
Has fallen down.
And the balance of the cash book is up.
So if you want to adjust the balance of the cash book.
Then you will have to bring it down.
You will have to choose the same option.
To bring the balance of the cash book down.
Yes sir.
The option to bring the balance of the cash book down.
Will have to choose.
Okay sir.
Now see.
Whether it comes equal to Rs. 1,50,000 or not.
Rs. 1,12,050.
Plus Rs. 48,000.
Minus Rs. 5,000.
Minus Rs. 5,000. Minus 22,000, plus 15,700, plus 1,500,
minus 250, OMG, if you can see my calculator then it is
only 1,50,000, very very good, we have reached balance as
per passbook, balance as per passbook credit, we can adjust
any balance and get it equal to other balance, we can
adjust any balance and get it equal to other balance, my
dear friends, what is this, what is this, let's make it
zero, let's make an equation, you started with 1,50,000,
you wrote 1,50,000 minus 48 plus 5,000 plus
minus 15,700 minus 1,500 plus 250 is equal to 1,20,0,50,
1,20,0,50, now if I say, if I take all these figures to
other side and change their sign, then it will be equal to
1,50,000 or not, of course, mathematics gives permission,
mathematics says, if you take all these figures to other
side and change their sign, then it will be equal to this
figure, your equation will remain same, it will not change,
so what I did, in 1,20,0,50, I reversed all these, so I
made it 48 minus, I made it plus, see,
and after that, I made 5,000, 22,000 and 250 plus, I made
it minus, 5,000, 22,000 and 250 plus, and 15,700 minus I
made it here and made it plus, so it is equal to 1,50,000,
this is just an equation, BRS is an equation and nothing
else, this is not a very serious discussion, this is just
an equation, nothing much my dear friends, ok ok sir ok so
I think the discussion that we had is now completely over
with us just one more question we will do on it this
question is with us and then completely
in the practical sea let's do this one more time after this
completely immersed in the practical sea ok ok sir
from the following particulars ascertain the balance that
would appear in the bank passbook of a on 31st December 2019
the bank overdraft as per cashbook on 31st December 2019
6340 why is this question important? because you will get
to know from the first line of this question what is the
first line saying? bank overdraft as per cashbook and see a
while ago I had asked you to write some notes in that I had
told you one thing what was that sir? let me show you
unfavorable balance is also known as overdraft balance
means overdraft balance is an unfavorable balance this is
an unfavorable balance overdraft means bad thing means the
money of the bank is deposited on the account holder 6340
cashbook says this in the cashbook negative balance, minus
balance is coming there is not so much money that has been
spent means they have taken loan from the bank we should
see this thing suppose you are going to do a bank
reconciliation of a company in which you
overdraft balance then you should know how to proceed in
that that's why we should see this question it becomes
important for us interest on overdraft
let's start let's see the solution
balance as per cashbook and this time it is credit balance
so under the minus column 6340 under the minus column we
have written 6340 because it is negative balance okay sir
let's read the next point interest on overdraft for 6
months ending 31st December 2019 160 rupees is entered in
passbook is entered in passbook is entered in passbook
interest on overdraft for 6 months ending 31st December
2019 160 is entered in passbook interest has been deposited
on the balance of overdraft overdraft has
going on for 6 months how much interest has been deposited?
160 rupees so if the bank deposit interest they take
interest from you it means they have deducted money from
your account sir, there was no money in our account it
means they have made your balance more negative more
interest has been deposited on you basically it means they
will not enter if there is no money in your account, they
will not enter they will increase the amount in your
account they will say that more interest has been
on you yes sir and what is there in cashbook? no entry so
what are the two options? either increase the balance of
passbook or where there is no entry in cashbook
so we will have to minus 160 rupees in the balance of
cashbook 160 rupees will come in the minus column interest
on overdraft ok sir, no problem bank charges of 400 are
debited in passbook only bank charges of 400 are debited in
the passbook only passbook only it means 400 rupees have
been deducted from the passbook 400 rupees have been
deducted from the passbook no entry in the cashbook so we
will have to do the same thing we will have to minus 400
rupees bank charges are debited in passbook
cheques issued but not cashed prior to 31st December 2019
amounted to 11,68,000 rupees cheque issued but not cashed
means cheque issued but not cleared what does cheque issued
mean? tell me cheque issued means we have given cheque to
our creditor and have deducted 11,68,000 rupees from the
cashbook absolutely right but not cashed means either the
creditor has not gone to the bank and has not presented the
cheque for payment or even if he has gone, the cheque has
not been cleared has not been
by technicality it is still in process it is only right to
say no entry in the passbook no entry in the passbook so
there are two options either minus the balance in the
cashbook and make it equal or minus the balance in the
passbook and make it equal so we will add 11,68,000 rupees
to the cashbook balance here comes the plus item 11,68,000
rupees cheque issued but not cashed 11,68,000 rupees
cheques paid into bank but not cleared before 31st December
2019 were for 22,17,000 were for 22,17,000 rupees 22,17,000
rupees cheque paid into bank means deposited as soon as the
cheque is deposited what do we do in the cashbook?
Sir, we add it how much money have you added in your
cashbook?
Sir, 22,17,000 rupees but not cleared means it is still in
processing so there is no entry in the passbook the balance
in the cashbook is higher either plus the balance in the
passbook and make it equal or drop the balance in the
cashbook and make it equal because we are adjusting the
balance in the cashbook so in the balance in the cashbook
we will choose the option of minus and make it equal means
we will write under the minus item 22,17,000 rupees cheque
paid but not cleared 22,17,000 will
under the minus column ok
thereafter
interest on investments collected by the bank and credited
in the passbook 12,00,000 rupees my god what is this?
interest
interest and dividend
sorry
interest and dividend collected by the bank what was the
reason for difference? here it is the fourth reason for
difference interest and dividend collected by the bank
means it is plus in the passbook and there is no entry in
the cashbook ok sir ok so we have this money it is plus in
the passbook 12,00,000 rupees there is no entry in the
cashbook if we see by hand the balance in the passbook is
higher and the balance in the cashbook is lower two options
plus in the cashbook and make it equal or
in the passbook and make it equal we will choose the plus
option in the cashbook and write under the plus item
12,00,000 rupees in the name of interest on investment
because we are trying to adjust the balance of the cashbook
now pick up the calculator and see what is coming with me
finally press the minus button 6340 then minus 160 then
minus 400 then plus 11,68,000 11,68,000 then minus
22,17,000 rupees 22,17,000 then plus 12,00,000 rupees then
plus 12,00,000 rupees you would find that this
is coming 144,100 we will check in the passbook and see
this is coming or not this is coming or not so see friends
Now I will tell you about the next step
This is a cash book and this is a passbook
There are many transactions here and many transactions here
Okay? Okay sir
After all the transactions, as you have learned
The amount of your cash book and passbook balance should be
equal and the nature should be opposite
The amount should be equal and the nature should be opposite
Okay sir? But suppose the amount is not equal
The amount is not equal for some reason
So you have to do two things
First of all, you have to find out the reasons
You have to find out the reasons
For which reasons the difference is coming The reasons that
I taught you
These are the reasons for which the difference can come
Okay? How will we find that out?
We will do it like this.
We will see if this transaction is there or not Then we
will find out if it is there or not
We will see if all the transactions are there or not
And if the amount is the same or not We will do
cross-checking
We will do cross-checking
So in the previous class, as far as you were taught
What are the reasons for the difference
And in today's class, you have been taught that you have to
find out those reasons
And how will you find out that? By cross-checking
And in today's class, one more thing has been taught
Then how do we rectify those reasons?
We will do cross-checking
However, how to find out
We have not taught you the two practical questions
We have not taught you cross-checking
After cross-checking, we have taught you how to rectify
How will we teach you cross-checking?
We will make you do a question of cross-checking
And in cross-checking, when we are doing practically
Even there, cross-checking will be completely
The practice will be completely there
Do not worry about cross-checking
After cross-checking, when we have found out what are the
reasons
Because of which the difference is coming
Then how to rectify them is the main thing
If you have learned it once, then you do not have any
problem
Then there is no problem far and wide For you, my dear
friends
Okay Come on friends
Let's revise the whole chapter
Because now we are going to do it conceptually
Every business needs a bank account to operate Every
business needs a bank account
And there are many transactions with the bank Receipts and
payment
If money is being deposited in the bank Whether we are
depositing cash or money is coming from somewhere else
And what will the bank do in the passbook
The bank will send us a message of credit
That we have kept your money, take it whenever you want
Our responsibility is our liability
And whenever the money will come out of there
The same amount will be credited in the cash book
And will be debited in the passbook The bank will say that
our loan has been reduced
Now we are reducing our liability and debiting Credit is
credited at one place and debited at another
So finally, the balance of my cash book and passbook
Should always be of equal amount and opposite nature
But due to some reasons, it does not happen
There are differences
Then we find out those reasons
Why is there a difference in the balance of the cash book
and passbook
Then we cross check and find out As soon as we get the
reason for the difference
As soon as we get the reason for the difference
Then we rectify it
How to rectify it, I have given you two practical questions
And friends
Friends Keep these things in mind
Which things sir
The debit balance of the cash book is called favorable
And the credit balance of the passbook is called favorable
The credit balance of the passbook is called unfavorable
And the debit balance of the passbook is called unfavorable
Another name of unfavorable balance is
Overdraft balance
The unfavorable balance is also known as the overdraft
balance
My dear friends
Let's revise these four cases
Short cut trick
If some money has already been added to the cash book
It means
The balance of the cash book is above And the balance of
the passbook is below
Let me see how far I can raise The balance of the cash book
is above
And the balance of the passbook is below Two options
Either bring the balance of the passbook above Close your
eyes bring down the balance of the cash book we will choose
that according to us and practically how we choose we will
see that after that second case there is no entry in the
cash book the amount is already plus in the passbook so
this time the balance of the passbook is up and the balance
of the cash book is down so what we will do either we will
bring down the balance of the passbook or we will bring up
the balance of the cash book
The third case already there is minus in the cashbook, the
cashbook is down and there is no entry in the passbook so
there is no minus, it is up so we will either bring up the
balance of the cash book or we will pull down the balance
of the passbook
The fourth case This time the balance of the passbook is
down for some reason and the balance of the cash book is up
so we will bring down the balance of the cash book balance
will go up, my dear friends.
Can you tell me one example of each of these?
When will it happen that the amount will already be plus in
the cash book and there will be no entry in the passbook?
When will this happen? Can you tell me one example of each
of these?
I will tell you.
Think a little, if you can think, then very good.
Check deposited in the bank but not cleared.
Check deposited in the bank but not cleared, my dear
friends. Yes, after depositing the check, it must have been
plus in the cash book, no entry in the passbook because it
was not cleared.
Very good.
After that, there is no entry in the cash book, it has been
plus in the passbook.
Tell me an example of this.
Interest allowed by the bank.
The bank has allowed interest or direct deposit by our
customer into our bank account.
It means that money has come in our passbook and there is
still no entry in the cash book.
Third, it has already been minus from the cash book, there
is no entry in the passbook.
An example of this.
Checks issued to the creditor but not presented for payment
or not cleared.
Did we issue a cheque to the creditor? Yes, sir.
And while issuing the cheque, we minused it from the cash
book with salt.
There is no entry in the passbook because it did not reach
the bank with the cheque.
Fourth case.
When will it happen that money has been minused in the
passbook and there is no entry in the cash book? Bank
charges or interest charged by the bank.
Interest or bank charges made by the bank.
What happened to this? The bank has deducted the money, so
the money has been minused from the passbook and there is
no entry in the cash book.
There is no entry in the cash book.
So here the scenario will be like this.
Now do you know what will happen? You can get a reason for
difference to see practically.
But the case will not be out of these four.
This is the universal truth.
The case will not be out of these four.
Either the case will be that there is no entry in the cash
book plus in the passbook.
Plus in the passbook, no entry in the cash book.
Or minus in the cash book, no entry in the passbook.
Or minus in the passbook, no entry in the cash book.
There can be no case other than this.
Think about it, your brain will stop.
Think, let me also think, let's take 10 seconds.
Can there be any case other than this? Using permutation
combination, using mathematics, doing anything is not
possible.
So the reason for difference can be seen by someone else.
But you will be able to understand it, you will be able to
analyze it because it will fall in these four cases.
And then you will be able to make better decisions.
How do you have to do it? They will also be able to see and
understand by themselves.
That is why it was the benefit of going to such a
conceptual discussion.
Now you are not just ready for a few points in BRS.
See what is the benefit of buying this course from us and
learning? You will get BRS anyway.
You will search on YouTube.
How do you do BRS? You will get at least 20 videos.
Good, good means that there will be a lot of views on them.
You will get 20 videos like this.
Yes sir, but what is the matter? There is no such detail
available anywhere according to me.
I am telling you honestly.
But yes, this is when you are with us and are ready to
learn and are learning things.
If you want to stay in the same behavior that you watch a
5-minute video here and run the work, then remember friends
that there will be no growth in your life.
Growth will not happen because you have learned how to do
it.
You have learned that how to run the work of doing it.
You have learned that you watch a 10-minute video and work.
It is successful only until the same things are coming in
front of you, repeated.
As soon as something else comes, you will not eat. The
benefit of watching the classes from here is that we have
given you the power of the concept.
Now after that you can tackle some things.
Knowledge is coming.
By doing hard work and furnishing it, you can make it 16
ounces of gold.
24 carat gold.
You can make it completely.
Your knowledge is fine, so keep doing hard work, keep
moving forward, practice. See you in the next video.
Thank you and bye bye.