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Question
Overdraft shown by the passbook of Mr. Murli is ₹ 20,000. Prepare bank reconciliation statement on dated March 31, 2017.
(i) Bank charges debited as per passbook ₹ 500.
(ii) Cheques recorded in the cash book but not sent to the bank for collection ₹ 2,500.
(iii) Received a payment directly from customer ₹ 4,600.
(iv) Cheque issued but not presented for payment ₹ 6,980.
(v) Interest credited by the bank ₹ 100.
(vi) LIC paid by bank ₹ 2,500.
(vii) Cheques deposited with the bank but not collected ₹ 3,500.
Solution
| Bank Reconciliation Statement of Mr. Murli as on March 31, 2017 | ||
| Particulars | Amount Details ₹ |
Amount ₹ |
| Overdraft as per the Pass Book (Dr.) | 20,000 | |
| Add: Cheque issued but not presented for payment | 6,980 | |
| Amount received directly by customer in the bank | 4,600 | |
| Interest allowed by bank 4600 | 100 | 11,680 |
| 31,680 | ||
| Less: Bank charges debited in the Pass Book | 500 | |
| Cheques deposited but not collected | 3,500 | |
| Cheque recorded in the Cash Book but not sent to bank | 2,500 | |
| LIC paid by bank | 2,500 | 9,000 |
| Overdraft as per the Cass Book (Cr.) | 22,680 | |
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