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Question

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.

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Solution

Bank Reconciliation Statement as on 31st March, 2018
Particulars Amount
Details (Rs.)
Amount
(Rs.)
Overdraft as per Cash Book (Cr.)
Add: Interest on overdraft debited in the pass book but not yet entered in the cash book
Bank charges debited in the pass book but not yet entered in the cash book
Cheques paid in but not yet credited by the bank
Credit side of the bank column of the cash book undercasted
Less: Cheques issued but not yet presented
Interest on investment collected and credited by the bank butb not yet entered in the Cash Book
Overdraft as per pass book (Dr.)

1,600
300
21,700
1,000
11,680
12,000
63,400
24,600
88,000
23,680
64,320

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