Question

Following information has been given by Rajendra. Prepare a Bank Reconciliation Statement as on 31st Dec. 2016, showing balance as per cash book:
(i) Debit balance shown by the pass book ₹ 17,800.
(ii) Cheques of ₹ 21,600 were issued in the last week of December, but of these ₹ 14,800 only were presented for payment.
(iii) Cheques of ₹ 10,750 were deposited in bank, out of them a cheque of ₹ 4,200 was credited in the first week of January, 2017.
(iv) A cheque of ₹ 1,200 was debited in the cash book but was not deposited in bank.
(v) Insurance premium paid by bank ₹ 1,450.
(vi) A bill of exchange for ₹ 6,200 which was discounted with bank, returned dishonoured but no entry was made in the cash book.
(vii) Bank charges and interest charged by bank are ₹ 350.

Answer 1

Bank Reconciliation Statement as on December 31, 2016
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Debit Balance (Overdraft) as per Pass Book		17,800
	Add: (iii) Cheque deposited but not credited	4,200
	(iv) Cheque received but not sent to Bank	1,200
	(v) Insurance premium paid	1,450
	(vi) Bills of Exchange dishonoured	6,200
	(vii) Bank charges and interest on overdraft	350
	Less: (ii) Cheque issued but not presented (21,600 – 14,800)		6,800
	Credit Balance (Overdraft) as per Cash Book	11,200
		24,600	24,600