⟩ Explain things to avoid while preparing a bank reconciliation statement?
* Cheques deposited but not cleared;
* Interest/Bank Charges debited by bank
* Direct payments made by bank not entered in Cash book
* Cheques dishonoured not recorded in cash book
* Wrong debits given by bank
* If it is prepared with the Bank balance as per the bank passbook, then the above procedure will be reversed i.e the items will be added to the pass book which were deducted from the cash book balance and those items will be deducted from the bank pass book balance which were added to the cash book balance.
