Question

Bank Statement of a customer shows bank balance of ₹ 62,000 on 31st March, 2018. On Comparing it with the Cash Book the following discrepancies were noted:
(i) Cheques were paid into the bank in March but were credited in April:
P–₹ 3,500; Q–₹ 2,500; R–₹ 2,000.
(ii) Cheques issued in March were presented in April:
X–₹ 4.000; Q–₹ 4,500.
(iii) Cheque for ₹ 1,000 received from a customer entered in the Cash Book but was not banked.
(iv) Pass Book shows a debit of ₹ 1,000 for bank charges and credit of ₹ 2,000 as interest.
(v) Interest on investment ₹ 2,500 collected by the bank appeared in the Pass Book.
Prepare Bank Reconciliation Statement showing the balance as per Cash Book on 31st March, 2018.

Answer 1

Bank Reconciliation Statement as on March 31, 2018
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Balance as per the Pass Book	62,000
(i)	Cheque deposited but not credited not credited in the Pass book during March 2017 (3,500 + 2,500 + 2,000)	8,000
(ii)	Cheques Issued but not presented in March 2017 (4,000 + 4,500)		8,500
(iii)	Cheque received from Customer was recorded in Cash Book but not sent to Bank	1,000
(iv)	Bank Charges	1,000
	Bank allowed interest		2,000
(v)	Interest on Investment Collected by bank but not entered in the Cash Book		2,500
	Balance as per the Cash Book		59,000
		72,000	72,000