Bank collected dividend of 25,000 on behalf of customer which was not recorded in cash book.
In respect the above given transaction which of the following treatment is correct for preparation of bank reconciliation statement?
(I) If BRS is prepared without adjusting cash book and the balance as per cash book is starting point then 25,000 will be subtracted.
(II) If BRS is prepared with adjusting cash book then 25,000 will be debited to the adjusted cash book.
(III) If BRS is prepared without adjusting cash book and the balance as per cash book is starting point then 25,000 will be added.
(IV) If BRS is prepared with adjusting cash book then 25,000 will be credited to the adjusted cash book.
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