Question

Cash Book shows a balance of ₹ 12,500. On comparing the Cash Book with the Pass Book, following discrepancies were noted:

		₹
(i)	Cheques issued but not yet presented for payment.	6,000
(ii)	Cheques deposited in the bank but not collected.	9,000
(iii)	Bank paid insurance premium.	5,000
(iv)	Bank charges.	300
(v)	Directly deposited by a customer.	8,000
(vi)	Interest on investment collected by bank.	2,000
(vii)	Cash discount allowed of ₹ 200 was recorded on the debit side of the Bank column.

Prepare Bank Reconciliation Statement.

Answer 1

Bank Reconciliation Statement
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Balance as per the Cash Book	12,500
(i)	Cheques Issued but not yet presented for payment	6,000
(ii)	Cheques deposited into bank but not collected		9,000
(iii)	Bank paid Insurance Premium		5,000
(iv)	Bank Charges		300
(v)	Amount directly deposited by a customer	8,000
(vi)	Interest on Investment Collected by bank	2,000
(vii)	Cash discount debited to bank column		200
	Balance as per the Pass Book		14,000
		28,500	28,500