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Question
Prepare bank reconciliation statement as on December 31, 2017. This day the passbook of Mr. Himanshu showed a balance of ₹ 7,000.
(a) Cheques of ₹ 1,000 directly deposited by a customer.
(b) The bank has credited Mr. Himanshu for ₹ 700 as interest.
(c) Cheques for ₹ 3,000 were issued during the month of
December but of these cheques for ₹ 1,000 were not presented during the month of December.
Solution
| Bank Reconciliation Statement of Mr. Himanshu as on December 31, 2017 | |||
| S.No | Particulars | (+) Amount ₹ |
(-) Amount ₹ |
| Balance as per the Passbook | 7,000 | ||
| (a) | Cheques directly deposited by a customer | 1,000 | |
| (b) | Bank allowed interest | 700 | |
| (c) | Cheques issued but not presented for payment in December | 1,000 | |
| 2,700 | |||
| Balance as per the Cashbook (7,000 - 2,700) | 4,300 | ||
| 7,000 | 7,000 | ||
Note:
As per the NCERT book the answer is ₹ 3,300. However, the correct answer is ₹ 4,300.
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When extracts are given for common period only common items are to be considered.
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- Bank charges debited by bank ₹ 150.
From the following particulars, prepare a bank reconciliation statement as at March 31, 2017.
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- Credit balance as per Pass Book ₹ 20,000.
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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.
- Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.
From the following particulars, prepare a bank reconciliation statement as at March 31, 2017.
- Balance as per cash book ₹ 3,200.
- Cheque issued but not presented for payment ₹ 1,800.
- Cheque deposited but not collected upto March 31, 2014 ₹ 2,000.
- Bank charges debited by bank ₹ 150.
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 the 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.
