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Question
From the following details prepare Bank Reconciliation Statement as of 31st Dec. 2018.
1. Bank overdraft as per Cash Book on 31st Dec. 2018 was ₹ 48,450.
2. Bank charges for SMS alerts ₹ 370 were debited in passbook but not recorded in Cash Book.
3. Interest in overdraft ₹ 2,870 did not appear in Cash Book.
4. A bill for ₹ 12,000 discounted with bank appears in Cash Book at the full amount but the bank has deducted ₹ 200 discounting charges.
5. Cheques issued but not presented for payment before 31st Dec. 2018 amounted to ₹ 32,300.
6. Cheques amounting to ₹ 24,000 were deposited into the bank but only a cheque of ₹ 8,000 was collected by the bank before 31st Dec. 2018.
7. Paid stationary bill ₹ 11,300 by debit card. It was not recorded in Cash Book.
Solution
Bank Reconciliation Statement as of 31st December 2018.
| Particulars | Amount (₹) | Amount (₹) |
| Bank overdraft as per cash book | 48,450 | |
| Add: (1) Bank charges for SMS alerts were debited in pass book but not credited in the Cash Book | 370 | |
| (2) Interest on overdraft only debited in pass book | 2,870 | |
| (3) Bill discounted charges debited in the pass book but not credited in the Cash Book | 200 | |
| (4) Stationery bill paid by deducted but not recorded in the Cash Book | 11,300 | |
| (5) Cheque deposited but not collected | 16,000 | 30,740 |
| 79,190 | ||
| Less: (1) Cheque issued but not presented for payment | 32,300 | |
| Bank Overdraft as per pass book | 46,890 |
| Cash Book (With Bank Column) | |||
| 1 | By Balance b/d | 48,540 | |
| 3 | Bank Changes | 370 | |
| 4 | Interest on overdraft | 2,870 | |
| 7 | Discounting Charges | 200 | |
| Stationery Bill | 11,3000 | ||
| (-) | (+) | ||
| 5. | Cheque issued not presented for Payment | 32,300 |
6. | Cheque deposited not collected | 16,000 |
| (-) | (+) |
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- Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
- Payment side of Cash Book was undercast by ₹ 100.
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3. cheque deposited ₹ 9,700 collected by the bank was not recorded in Cash Book.
4. The payment side of Cash Book was undercast by ₹ 100. 5. The electricity bill paid by the bank ₹ 6,200 was recorded twice in the Pass Book.
From the following particulars prepare Bank Reconciliation Statement as of 30th June 2019.
- Credit balance as per pass book ₹ 20,000.
- A cheque for ₹ 3,500 was issued and paid by the bank, recorded in Pass Book as ₹ 5,300.
- Cheque deposited ₹ 9,700 collected by the bank was not recorded in Cash Book.
- Payment side of the Cash Book was undercast by ₹ 100.
- Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.
From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.
- Credit balance as per Pass Book ₹ 20,000.
- A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
- Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
- Payment side of Cash Book was undercast by ₹ 100.
- Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.
