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 pass book 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 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.

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Solution

Bank Reconciliation Statement of Mr.Atul
as on 31st December, 2010

S.N

Particulars
Amt(+)

Amt(-)

i
ii
iii
iv
Balance as per Cash Book
Cheque sent to the bank for collection but not credited (2,000+5,000+8,000)
Cheque issued but not presented (7,000 + 8,000)
Interest credited by bank
Bank charged debited
Balance as per Pass book 40,000

15,000
325

55,325

15,000
50
40,275

55,325

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Similar questions

Bank balance of Rs 40,000 showed by the cash book of Atul on December 31, 2016. 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 02, 2017. Two cheques of Rs 7,000 and Rs 8,000 issued on December 28, were not presented for payment till January 03, 2017. In addition to it 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, 2016.

Q. From the following particulars prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2010.
i) Two cheques of Rs 2,000 and Rs 5,000 were paid into bank in October, 2010 but were not credited by the bank in the month of December.
ii) A cheque of Rs 800 which was received from a customer was entered in the bank column of the cash book in December 2009 but was omitted to be banked in December, 2009.
iii) Cheques for Rs 10,000 were issued into bank in January 2010 but not credited by the bank on December 31,2010.
iv) Interest on investment Rs 1,000 collected by bank appeared in the pass book.
Balance as per pass book was Rs 50,000.

From the following particulars, prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2010.

(i) Two cheques of Rs. 2,000 and Rs. 5,000 were paid into the bank in October 2010 but were not credited by the bank in the month of December.

(ii) A cheque of Rs. 800 which was received from a customer was entered in the bank column of the cash book in December 2009 but was omitted to be banked in December 2009.

(iii) Cheques for Rs. 10,000 were issued into the bank in January 2010 but not debited by the bank on December 31, 2010.

(iv) Interest on Investment Rs. 1,000 collected by bank appeared in the passbook.

Balance as per passbook was Rs. 50,000.

Prepare a bank reconciliation statement from the following particulars and show the balance as per cash book.

(i) Balance as per pass book on December 31, 2010, overdrawn Rs. 20,000.

(ii) Interest on bank overdraft not entered in the cash book Rs. 2,000.

(iii) Rs. 200 insurance premium paid by the bank has not been entered in the cash book.

(iv) Cheques drawn in the last week of December 2010 were not cleared till date for Rs. 3,000 and Rs. 3,500.

(v) Cheques deposited into the bank on November 2010, but yet to be credited on dated December 31, 2010, Rs. 6,000.

(vi) Wrongly debited by the bank, Rs. 500.

Q. Prepare bank reconciliation statement.
i) Overdraft shown as per cash book on December 31, 2010 Rs. 10,000.
ii) Bank charges for the above period also debited in the pass book Rs. 100.
iii) Interest on overdraft for six months ending December 31, 2010, Rs. 380 debited in the pass book.
iv) issued but not incashed prior to December 31, 2010 amounted to Rs. 2,150.
v) Interest on Investment collected by the bank and credited in the pass book, Rs. 600.
vi) Cheques paid into bank but not cleared before December, 31 2010 were Rs. 1,100.

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