Following are the entries recorded in the Cash Book (Book Column) of Deepali Traders for the month ended 31st March, 2011.

Cash Book (Bank Column Only)

Dr.

Cr.

Date

Receipts

Rs

Date

Payments

Rs

2011 Mar. 15

21

22

31

To Cash A/c

To Razak’s A/c

To Kavita’s A/c

To Balance c/d

36,000

24,000

10,000

7,640

2011 Mar.1

4

6

15

20

By Balance b/d

By Jonny’s A/c

By Roma’s A/c

By Ashish ‘s A/c

By Patil’s A/c

40,000

2,000

400

240

35,000

77,640

77,640

On 31^st March 2011, Deepali Trader’s received the Bank Statement, on comparing it with the Cash Book following information was available.
(i) Cheque of Rs 10,000 deposited into the Bank not Credited by Bank.
(ii) Bank charges debited by Bank not entered in the Cash Book Rs 340.
(iii) Interest on Ovendraft debited Rs 1,000 by Bank but not recorded in the Cash Book
(iv) Bank transferred and credited Rs 200 in the Pass Book, not recorded in the Cash Book
(v) Cheques issued but not presented to the Bank Rs 37,400
(vi) Interest on Securities Rs 1,080 and Dividend on shares Rs 1,000 collected and Credited by Bank, not entered in the Cash Book.

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Solution

Bank Reconciliation Statement

as on December 31,2011

S. No.

Particulars

Amount
(Rs)

Amount

(Rs)

Bank Balance as per Cash Book (Cr.)

(7640)

Add:

Bank transferred and credited Rs 200 in the passbook, not recorded in the cash book.

200

Cheques issued but not presented to the bank for payment.

37,400

Interest on Securities credited by bank.

1,080

Dividends on shares collected by the bank.

1,000

39,680

32,040

Less:

Cheque Deposited into bank but not credited by Bank.

10,000

Bank Charges Debited by Bank.

340

Interest on Overdraft debited by Bank.

1,000

11,340

Balance as per Pass Book (Cr.)

20,700

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Similar questions

Q. From the following information ascertain the balance that would appear in the bank pass book of A on 31st March, 2018:
(i) Bank overdraft of Rs. 63,400 as per cash book on 31st March, 2018.
(ii) Interest on overdraft for 6 months ended 31st March, 2018, Rs. 1,600 entered in the pass book and not recorded in cash book.
(iii) Bank charges of Rs. 300 for the above period are debited in the Pass Book and not recorded in Cash Book.
(iv) Cheques issued but not presented for payment prior to 31st March, 2018, amounted to Rs. 11,680.
(v) Cheques deposited in the bank but not collected before 31st March, 2018 were for Rs. 21,700.
(vi) Interest on investments collected by the bank and credited in the Pass Book, Rs. 12,000.
(vii) Credit side of the Bank column of the Cash Book was undercast by Rs. 1,000.

Q. From the following particulars a Bank Reconciliation Statement for the year ending on 31^stMarch 2011

(i) Bank balance as per Cash Book Rs 8,600
(ii) Cheques of Rs 4,000 issued but not presented for payment
(iii) Bank debited bank charges Rs 200
(iv) Cheque of Rs 2,800 deposited into the Bank but not Credited by Bank
(v) Bank paid Insurance Premium on our behalf directly Rs 2,500 not recorded in the Cash Book.
(vi) Bank Credited interest on investment Rs 1,900 but not recorded in the Cash Book.

Q. The Bank Column of Mukesh's Cash Book as on 31st March, 2018 showed an overdraft of Rs. 1,80,000. His Bank Statement Showed an overdraft of Rs. 1,13,900. Prepare Bank Reconciliation Statement taking the following into account:
(i) Cheque deposited into bank but entry is not passed in the Cash Book. Rs. 3000.
(ii) Cheque received and entered into the Cash Book but was not sent to bank. Rs. 10,000.
(iii) Credit side of the Bank column casted short by Rs. 1,000
(iv) Insurance premium paid directly by the bank under standing instructions was not recorded in the Cash Book. Rs. 5,000
(v) Bank charges entered in the Cash book twice. Rs. 100
(vi) Cheque 'received' returned on technical grounds but entry was not passed. Rs. 4,000
(vii) Cheque 'issued' returned on technical grounds but entry was not passed. Rs. 3,000
(viii) Bill discounted dishonoured. Rs. 40,000
(ix) Bills Recievable directly collected by the bank. Rs. 20,000
An amount of Rs. 1,00,000 being collection of Mahesh's cheque was wrongly credited to the account of Mukesh by the bank in his bank statement.

On 31^stDecember 2011 the pass book of Medha Traders showed a credit balance of Rs 10,000. On comparing the pass book with the cash book following difference were discovered.
(i) Cheques deposited with the Bank on 27^th December 2011, but collected by Bank on 5^th January, 2012 Rs 4,000.
(ii) Bank paid electricity charges Rs 180 directly not appeared in the cash book.
(ii) Cheque issued Rs 1,500 but not presented to the bank for payment.
(iv) Bank credited interest on fixed deposit Rs 250 and has charged Rs 50 for dishonour of the cheque. These transactions do not appear in the cash book.
(v) The debit column of bank in the cash book is under cast by Rs 100 Prepare bank Reconciliation statement.

Q. Bank balance as per cash book (Dr.) of NZ & Co. was Rs.

1, 050

-Bank charges not recorded in cash book was Rs.

180

.
-Rs.

750

was directly paid by customer into bank was not recorded in cash book.
-Debit side of cash book was undercast by Rs.

100

-Cheque deposited for Rs.

700

was not credited in pass book.
-Out of cheques of Rs.

900

issued but not presented for payments.
If BRS is prepared after adjusting cash book, balance as per Adjusted Cash book should be Rs.________ and balance as pass book should be Rs.__________

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Cash Book (Bank Column Only)
Dr.			Cr.
Date	Receipts	Rs	Date	Payments	Rs
2011 Mar. 15 21 22 31	To Cash A/c To Razak’s A/c To Kavita’s A/c To Balance c/d	36,000 24,000 10,000 7,640	2011 Mar.1 4 6 15 20	By Balance b/d By Jonny’s A/c By Roma’s A/c By Ashish ‘s A/c By Patil’s A/c	40,000 2,000 400 240 35,000
		77,640			77,640

Bank Reconciliation Statement as on December 31,2011
S. No.	Particulars	Amount (Rs)	Amount (Rs)
	Bank Balance as per Cash Book (Cr.)		(7640)
	Add:
	Bank transferred and credited Rs 200 in the passbook, not recorded in the cash book.	200
	Cheques issued but not presented to the bank for payment.	37,400
	Interest on Securities credited by bank.	1,080
	Dividends on shares collected by the bank.	1,000	39,680
			32,040
	Less:
	Cheque Deposited into bank but not credited by Bank.	10,000
	Bank Charges Debited by Bank.	340
	Interest on Overdraft debited by Bank.	1,000	11,340
	Balance as per Pass Book (Cr.)		20,700