Prosperity bank check balance

Statement.(d) Deposited Check Not Recorded or Wrongly Recorded in the Debit Column of the Bank Statement by the BankSometimes an error or omission is committed by the bank staff.Suppose that on receiving a check from debtors, we deposit it at the bank after recording it in the cash book. The bank forgets to record it in the bank statement, or it is wrongly recorded in the debit column of the bank statement.Due to this error, the cash book will show more bank balance and the bank statement will show less bank balance.(e) Bank Account Wrongly Debited by the BankIf the bank has wrongly debited the account in the bank statement, then the cash book will show more bank balance compared to that shown by the bank statement.Treatment of Errors and Omissions Resulting in More Bank Balance in Cash Book When Preparing the Bank Reconciliation StatementWhenever the bank balance in the cash book is higher than the bank statement balance due to an error or omission, the number of errors and omissions will be credited.This will bring down the balance at the level of the bank statement while preparing the bank reconciliation statement.2. Errors Resulting in Less Bank Balance in Cash BookExamples are given below of errors and omissions that result in less bank balance in the cash book.(a) Deposited Check Not Recorded in Cash BookBusinesses receive checks from debtors on a daily basis and deposit them into the bank.Sometimes after receiving a check from debtors, it is deposited at the

Bank but not recorded in the cash book (on the debit side of the bank column). Due to this error, the cash book shows a lower bank balance compared to the bank statement.(b) Wrong Casting of Bank Column in Cash BookIf the debit side of the cash book (bank column) is undercast, or if the credit side is overcast, the cash book will show less bank balance compared to the bank statement.(c) Issued Check Not Recorded by the BankA business concern issues checks to creditors on a daily basis and pays these checks.In some cases, we may issue a check to our creditor and the bank pays the amount of the check but forgets to record it in the bank statement (in the withdrawals column). For such mistakes, the cash book shows less bank balance compared to the bank statement.(d) Bank Account Wrongly Credited by the bankIf the bank has wrongly credited the bank account in the bank statement, then the cash book will show less bank balance and the bank statement will show more bank balance.Treatment of Errors and Omissions Resulting in Less Bank Balance in Cash Book When Preparing the Bank Reconciliation StatementWhenever by any error or omission the cash book shows less bank balance compared to the bank statement balance, the number of errors and omissions will be debited to bring up the balance at the level of the bank statement, while preparing a bank reconciliation statement.Summary of the DiscussionOn a specific date when a bank reconciliation

In some cases, discrepancies in the cash book and bank statement may arise from errors committed by the bank or by the person responsible for writing up the cash book. These errors have to be properly rectified.This article shows several examples of such errors and omissions.1. Errors Resulting in More Bank Balance in the Cash BookA few examples of errors and omissions are given below that lead to a greater bank balance in the cash book.(a) Check Not Sent to Bank For CollectionSometimes checks are received from debtors and recorded in the cash book (on the debit side in the bank column), but the check does not get sent to the bank for collection.Due to this omission, the cash book shows a greater bank balance while the bank statement shows less bank balance.(b) Issued Check Not Recorded in Cash Book or Wrongly Recorded in Cash ColumnChecks are issued on a daily basis to make payments to creditors. Sometimes a check issued to creditors is omitted from being recorded in the cash book (on the credit side in the bank column) or it is wrongly recorded in the cash column.This leads to more bank balance in the bank statement.(c) Wrong Casting of Bank Column in Cash BookErrors may be committed to casting (totaling) the bank column of the cash book.If the debit side of the cash book (bank column) is overcast, or if the credit side is undercast, then the cash book will show more bank balance compared to the bank

Following information was available from the company records and the monthly bank statement:Customers NSF check listed in the bank statement....................................... P 40,Bank service charge................................................................................ 2,Outstanding check.................................................................................. 178,Deposit of 45,000 was erroneously credited in the bank statement as................. 54,Company wrote 1,700 but recorded it as..................................................... 7,Customer default on account.................................................................... 12,The correct cash balance should be: P 490,14. Samsung Inc. uses four-column bank reconciliation. The bank reconciliation for March shows outstanding checks for P300. During April, thecompany wrote check totaling P23,600. The bank statement for April shows P23,010 of checks clearing the company’s account. The amount ofoutstanding checks on April bank reconciliation must be: P15. Nitendo Co. reported a balance of P14,300 in its cash account at the end of the month. There were P12,000 deposits in transit and P11,500 ofchecks outstanding. The bank statement showed a balance of P15,000. Service charge of P600, and the collection of a note plus interest. Thenote had a face value of P1500. How much interest did the company collect? P16. Sony uses four-column bank reconciliation. The bank statement for May shows payments of P13,150, including service charge of P200. At thebeginning of May, there were P900 of checks outstanding. At the end of May, there were P1,200 of checks outstanding. Before recording the bankservice charge, Sony must have recorded May payments of: P13,17. A company received its monthly bank statement, which showed an ending balance of P150,000. Adjustment on the bank reconciliation included adeposit in transit of P20,000; outstanding checks of P30,000; NSF check of P5,000; bank service charge of P300; proceeds of a note collected bythe bank of P40,000. What was the correct cash balance to be shown in the statement of financial position? P140,18. Using the same information in no. 17, how much is the unadjusted cash balance per books? P105,19. GIC Enterprise’s cash account had a balance of P96,200 on August 31. This included a bank deposit of P8,700 that was in transit on the 31 st. TheAugust 31 bank statement contained the following information:Bank statement balance........... P 108,900 NSF check........................... P 1,Bank service charge................ 1,700 Collection of note................... 8,GIC also had

Bank book, just note that it's for The Law of AbundanceDo not destroy the check unless you have closed the account Carry the check with you and watch what happens!In a matter or hours, days and weeks you should see money or blessings come in! Remember prosperity it doesn't always mean cash in hand. Good luck! Once a blessing occurs, rip the check up and throw it away. Write a new check based on one of the lucky dates in the calendar. This Saturday is a LOA day. Write your check then! We also have personally made Law of Abundance pouches made based on your actual birth information which contain 5 gemstones for attracting prosperity. Carry your check in the pouch to help draw prosperity to you. Get Your LOA Pouch Here!Popular Sellers at our website store.... worth repeating!Amazonite-A Stone of Hope-To Speak Your Truth-Good to Communicate with AnimalsIt has been called the 'hope stone' as it inspires speaking with confidence and self-assurance. This is a natural crystal that is highly beneficial for the emotional body. It is potent for balancing the male and female energies... and assists you to constantly retain a feeling of being balanced. It assists you to heal and restore any problem areas within the etheric body... and will breathe new life into your physical body. It is also a powerful stone to assist you with light-body work.This is a strong stone for communicating... and is particularly helpful if you sometimes find it difficult to tell the truth.If you are doing energy work using the power of words, including EFT, it is an excellent stone to have within your aura, as it will aid the process.It helps you to align your speech to your higher ideals, and speak using words that clearly outline your real way