Question

Bank Pass Book of Mr. X showed an overdraft of ₹ 33,575 on 31st March 2018. On going through the Pass Book the accountant found the following:
(i) A cheque of ₹ 1,080 credited in the Pass Book on 28th March, being dishonoured is debited again in the Pass Book on 1st April, 2018. There was no entry in the Cash Book about the dishonour of the cheque until 15th April.
(ii) Bankers had credited his account with ₹ 2,800 for interst collected by them on his behalf but the same had not been entered in his Cash Book.
(iii) Out of ₹ 20,500 paid by Mr. X in cash and by cheques on 31st March, cheque amounting to ₹ 7,500 were collected on 7th April.
(iv) Out of chequs amounting to ₹ 7,800 drawn by him on 27th March, a cheque for ₹ 2,500 was enchased on 3rd April.
(v) A credit wrongly given by bank of ₹ 5,500 was reveresed by it on 6th April, 2018.
Prepare Bank Reconcilation Statement on 31st March, 2018.

Answer 1

Bank Reconciliation Statement as on March 31,2018
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Overdraft as per the Pass Book		33,575
(ii)	Amount directly collected by the bank		2,800
(iii)	Amount deposited in March but credited in April	7,500
(iv)	Cheque issued in March but presented for payment in April		2,500
(v)	Credit wrongly given by the bank to be reversed		5,500
	Overdraft as per the Cash Book	36,875
		44,375	44,375

Note: In adjustment (i) as cheque is dishonoured on April 01, 2018 i.e. after the period for which Balance as per Pass Book is given. Thus, no adjustment is required in either of two books.