Bank Reconciliation Statement — Account STD 11 Commerce — Question

Amount wrongly debited by the bank implies a situation when the bank wrongly debits a Pass Book. The following are the common mistakes that occur in the Pass Book when bank wrongly debits the Pass Book.

1. Mistake occurs when any two account holders’ names are identical. For example, a cheque of ₹ 2,000 issued by Mr. Prem Singh was wrongly paid through Mr. Prem Kumar’s account.
2. Mistake occurs in case a person has more than one account in a bank. For example, a cheque of ₹ 1,000 issued from his Current Account was wrongly paid through his Savings Account.
3. Sometimes amounts of cheques are wrongly recorded. For example, payment of ₹ 2,000 through cheque was wrongly debited in the Pass Book as ₹ 20,000.