Bank column of the cash book showed a debit balance of Rs. 49,000 on 30th June, 2017. Bank Statement or Pass Book showed a credited balance of Rs. 37,400. Entries in the Cash Book and Pass book were compared and gthe following difference were noticed:
(i) Cheques of Shyam Rs. 9,000 and of Mohan Rs. 15,000 were deposited but were not collected up to 30th June, 2017.
(ii) Ramesh, a debtor, deposited a cheque of Rs. 8,000 directly into the bank.
(iii) Bank allowed an interest of Rs. 500.
(iv) Cheque for Rs. 10,000 issued to Ramesh was not presented for payment.
(v) Bank debited the account by Rs. 6,000, being insurance premium paid as per standing instructions.
(vi) Bank debited the account by Rs. 100, being bank charges.
You are required to prepare a Bank Reconciliation Statement as on 30th June, 2017.

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Solution

Bank Reconciliation Statement as on 30th June 2017

Particulars Amount
Details (Rs.) Amount
(Rs.)
Balance as per Cash Book (Dr.)
Add: Cheque directly deposited by Ramesh, not recorded in Cash Book
Interest allowed by bank, not recorded in Cash Book
Cheque issued but not yrt presented for payment (Ramesh)
Less: Cheque deposited but not yet collected:
Shyam 9,000
Mohan 15,000
Insurance Premium paid by the bank, not recorded in Cash Book
Bank charges debited not recorded in Cash Book
Balance as per pass book (Cr.)
8,000
500
10,000
24,000
6,000
100 49,000
18,500
$67, 500$
30,100
$37, 400$

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Similar questions

From the following particulars, prepare a, bank reconciliation statement as at March 31, 2017.

(i)	Balance as per cash book Rs 3,200
(ii)	Cheque issued but not presented for payment Rs 1,800
(iii)	Cheque deposited but not collected upto March 31, 2017 Rs 2,000
(iv)	Bank charges debited by bank Rs 150

Q. The cash book shows a bank balance of Rs.7,800. On comparing the cash book with pass book, the following discrepancies were noted
i) Cheque deposited in bank not credited,Rs.3,000.
ii) Cheque issued but not yet present for payment,Rs.1,500.
iii) Insurance premium paid by the bank, Rs.2,000.
iv) Bank interest credit by the bank, Rs.400.
v) Bank charges,Rs.100.
vi) Directly deposited by a customer,Rs.4,000.

The cash book shows a bank balance of Rs. 8,000. On comparing the cash book with passbook the following discrepancies were noted:
(a) Cheque deposited in bank but not credited Rs. 3,000
(b) Cheque issued but not yet present for payment Rs. 1,500
(c) Insurance premium paid by the bank Rs. 1,500
(d) Bank interest credit by the bank Rs. 400
(e) Bank charges Rs. 100
(f) Directly deposited by a customer Rs. 4,000

Find the balance as per pass book.

Pass Book showed the balance of Rs 3,500 as on 30^thSeptember 2011. On the same date Cash Book showed the balance of Rs 3,170.

The following Points were noted.
(i) Bank collected Dividend on shares Rs 400, but not entered in the Cash Book
(ii) Cheques paid into Bank but not Credited by Bank Rs 570
(iii) Discounted Bill dishonoured Rs 750 debited by Bank, but no intimation was received from the Bank
(iv) Cheques of Rs 1,250 was issued on 29^thSeptember 2011 but not presented to the Bank for payment till 30^th sept. 2011
Prepare Bank Reconciliation Statement as on 30^th September, 2011

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

(i)	Balance as per passbook on March 31, 2017 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 bank has not been entered in the cash book.
(iv)	Cheques drawn in the last week of March, 2017, but not cleared till date for Rs 3,000 and Rs 3,500.
(v)	Cheques deposited into bank on February 2017, but yet to be credited on dated March 31, 2017 Rs 6,000.
(vii)	Wrongly debited by bank Rs 500.

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Particulars	Amount Details (Rs.)	Amount (Rs.)
Balance as per Cash Book (Dr.) Add: Cheque directly deposited by Ramesh, not recorded in Cash Book Interest allowed by bank, not recorded in Cash Book Cheque issued but not yrt presented for payment (Ramesh) Less: Cheque deposited but not yet collected: Shyam 9,000 Mohan 15,000 Insurance Premium paid by the bank, not recorded in Cash Book Bank charges debited not recorded in Cash Book Balance as per pass book (Cr.)	8,000 500 10,000 24,000 6,000 100	49,000 18,500 $67, 500$ 30,100 $37, 400$