Question

Bank balance of Rs. 40,000 showed by the cash book of Atul on December 31, 2010. It was found that three cheques of Rs. 2,000, Rs. 5,000 and Rs. 8,000 deposited during the month of December were not credited in the passbook till January 2, 2010. Two cheques of Rs. 7,000 and Rs. 8,000 issued on December 28, were not presented for payment till January 3, 2010. In addition to it, the bank had credited Atul for Rs. 325 as interest and had debited him with Rs. 50 as bank charges for which there were no corresponding entries in the cash book.

Prepare a bank reconciliation statement as on December 31, 2010.

Answer 1

$\begin{array}{cc}& \text{Bank Reconciliation Statement of Mr Atul}\\ & \text{as on 31st December, 2010}\end{array}$

$\begin{array}{cccc}\text{S.No.}& \text{Particulars}& \text{Amt.(+)}& \text{Amt.(-)}\\ & \text{Balance as per Cash Book}& \text{40,000}& \\ \left(i\right)& \text{Cheque deposited into bank but not credited}& & \\ & (2,000+5,000+8,000)& & \text{15,000}\\ \text{(ii)}& \text{Cheque issued but not presented (7,000 + 8,000)}& \text{15,000}& \\ \text{(iii)}& \text{Interest credited by bank}& \text{325}& \\ \text{(iv)}& \text{Bank charged debited}& & \text{50}\\ & \text{Balance as per Pass book}& & \text{40,275}\\ & & \underset{–}{\overline{55,325}}& \underset{–}{\overline{55,325}}\end{array}$