Overdraft shown by the passbook of Mr. Murli is Rs 20,000. Prepare bank reconciliation statement on dated December 31, 2017.

(i)

Bank charges debited as per passbook Rs 500.

(ii)

Cheques recorded in the cash book but not sent to the bank for collection Rs 2,500.

(iii)

Received a payment directly from customer Rs 4,600.

(iv)

Cheque issued but not presented for payment Rs 6,980.

(v)

Interest credited by the bank Rs 100.

(vi)

LIC paid by bank Rs 2,500.

(vii)

Cheques deposited with the bank but not collected Rs 3,500.

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Solution

Bank Reconciliation Statement of Mr. Murli as on December 31, 2017

S. No.

Particulars

(+)

Amount

Rs

(–)

Amount

Rs

Overdraft as per the Pass Book

20,000

(i)

Bank charges debited in the Pass Book

500

(ii)

Cheque recorded in the Cash Book but not banked

2,500

(iii)

Amount directly paid by customer in the bank

4,600

(iv)

Cheque issued but not presented for payment

6,980

(v)

Interest allowed by bank

100

(vi)

LIC (insurance premium) paid by bank

2,500

(vii)

Cheques deposited but not cleared

3,500

Overdraft as per the Cash Book

22,680

31,680

31,680

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Similar questions

Overdraft shown by the pass book of Mr Murli is Rs. 20,000. Prepare bank reconciliation statement on dated December 31, 2010.

(i) Bank charges debited as per pass book, Rs. 500,

(ii) Cheques recorded in the cash book but not sent to the bank for collection, Rs. 2,500.

(iii) Received a payment directly from a customer, Rs. 4,600.

(iv) Cheque issued but not presented for payment, Rs. 6,980.

(v) Interest credited by the bank, Rs. 100.

(vi) LIC paid by the bank, Rs. 2,500.

(vii) Cheques deposited with the bank but not collected, Rs. 3,500.

Prepare bank reconciliation statement.

(i)	Overdraft shown as per cash book on December 31, 2017 Rs 10,000.
(ii)	Bank charges for the above period also debited in the passbook Rs 100.
(iii)	Interest on overdraft for six months ending December 31, 2017 Rs 380 debited in the passbook.
(iv)	Cheques issued but not incashed prior to December 31, 2017 amounted to Rs 2,150.
(v)	Interest on Investment collected by the bank and credited in the passbook Rs 600.
(vi)	Cheques paid into bank but not cleared before December, 31 2017 were Rs 1,100.

Prepare bank reconciliation statement.

(i) Overdraft is shown as per cash book on December 31, 2010, Rs. 10,000.

(ii) Bank charges for the above period also debited in the passbook, Rs. 100.

(iii) Interest on overdraft for six months ending December 31, 2010, Rs. 380 debited in the passbook.

(iv) Cheques issued but not encashed prior to December 31, 2010, amounted to Rs. 2,150.

(v) Interest on Investment collected by the bank and credited in the passbook, Rs. 600.

(vi) Cheques paid into the bank but not cleared before December 31, 2010, were Rs. 1,100.

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(i)	Bank charges debited as per passbook Rs 500.
(ii)	Cheques recorded in the cash book but not sent to the bank for collection Rs 2,500.
(iii)	Received a payment directly from customer Rs 4,600.
(iv)	Cheque issued but not presented for payment Rs 6,980.
(v)	Interest credited by the bank Rs 100.
(vi)	LIC paid by bank Rs 2,500.
(vii)	Cheques deposited with the bank but not collected Rs 3,500.

Bank Reconciliation Statement of Mr. Murli as on December 31, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Overdraft as per the Pass Book		20,000
(i)	Bank charges debited in the Pass Book	500
(ii)	Cheque recorded in the Cash Book but not banked	2,500
(iii)	Amount directly paid by customer in the bank		4,600
(iv)	Cheque issued but not presented for payment		6,980
(v)	Interest allowed by bank		100
(vi)	LIC (insurance premium) paid by bank	2,500
(vii)	Cheques deposited but not cleared	3,500

	Overdraft as per the Cash Book	22,680
		31,680	31,680