Prepare a bank reconciliation statement from the following particulars and show the balance as per cash book.

(i)

Balance as per passbook on December 31, 2017 overdrawn Rs 20,000.

(ii)

Interest on bank overdraft not entered in the cash book Rs 2,000.

(iii)

Rs 200 insurance premium paid by bank has not been entered in the cash book.

(iv)

Cheques drawn in the last week of December, 2017, but not cleared till date for Rs 3,000 and Rs 3,500.

(v)

Cheques deposited into bank on November, 2017, but yet to be credited on dated December 31, 2013 Rs 6,000.

(vii)

Wrongly debited by bank Rs 500.

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Solution

Bank Reconciliation Statement as on December 31, 2017

S. No.

Particulars

(+)

Amount

Rs

(–)

Amount

Rs

Overdraft as per the Pass Book

20,000

(i)

Interest on overdraft not credited in the Cash Book

2,000

(ii)

Insurance premium paid by bank not entered in the Cash Book

200

(iii)

Cheques issued but not presented for payment

6,500

(iv)

Cheques deposited but not cleared

6,000

(v)

Amount wrongly debited by bank

500

Overdraft as per the Cash Book

17,800

26,500

26,500

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Similar questions

Prepare a bank reconciliation statement from the following particulars and show the balance as per cash book.

(i) Balance as per pass book on December 31, 2010, overdrawn Rs. 20,000.

(ii) Interest on bank overdraft not entered in the cash book Rs. 2,000.

(iii) Rs. 200 insurance premium paid by the bank has not been entered in the cash book.

(iv) Cheques drawn in the last week of December 2010 were not cleared till date for Rs. 3,000 and Rs. 3,500.

(v) Cheques deposited into the bank on November 2010, but yet to be credited on dated December 31, 2010, Rs. 6,000.

(vi) Wrongly debited by the bank, Rs. 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.

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.

On December 31, 2017, the cash book of Mittal Bros. Showed an overdraft of Rs 6,920. From the following particulars prepare a Bank Reconciliation Statement and ascertain the balance as per passbook.

(1)	Debited by bank for Rs 200 on account of Interest on overdraft and Rs 50 on account of charges for collecting bills.
(2)	Cheques drawn but not encashed before December, 31 2017 for Rs 4,000.
(3)	The bank has collected interest and has credited Rs 600 in passbook.
(4)	A bill receivable for Rs 700 previously discounted with the bank had been dishonoured and debited in the passbook.
(5)	Cheques paid into bank but not collected and credited before December 31, 2017 amounted Rs 6,000.

Raghav & Co. have two bank accounts. Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account of December 31, 2017 according to the cash book of the firm.

(i)	Cheques paid into bank prior to December 31, 2017, but not credited for Rs 10,000.
(ii)	Transfer of funds from account No. II to account no. I recorded by the bank on December 31, 2017 but entered in the cash book after that date for Rs 8,000.
(iii)	Cheques issued prior to December 31, 2017 but not presented until after that date for Rs 7,429.
(iv)	Bank charges debited by bank not entered in the cash book for Rs 200.
(v)	Interest Debited by the bank not entered in the cash book Rs 580.
(vi)	Overdraft as per Passbook Rs 18,990.

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(i)	Balance as per passbook on December 31, 2017 overdrawn Rs 20,000.
(ii)	Interest on bank overdraft not entered in the cash book Rs 2,000.
(iii)	Rs 200 insurance premium paid by bank has not been entered in the cash book.
(iv)	Cheques drawn in the last week of December, 2017, but not cleared till date for Rs 3,000 and Rs 3,500.
(v)	Cheques deposited into bank on November, 2017, but yet to be credited on dated December 31, 2013 Rs 6,000.
(vii)	Wrongly debited by bank Rs 500.

Bank Reconciliation Statement as on December 31, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Overdraft as per the Pass Book		20,000
(i)	Interest on overdraft not credited in the Cash Book	2,000
(ii)	Insurance premium paid by bank not entered in the Cash Book	200
(iii)	Cheques issued but not presented for payment		6,500
(iv)	Cheques deposited but not cleared	6,000
(v)	Amount wrongly debited by bank	500

	Overdraft as per the Cash Book	17,800
		26,500	26,500