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Question

From the following information, prepare Bank Reconciliation Statement as on 31st March, 2018:
(i) Balance (Debit) as per Cash Book as on 31st March, 2018 Rs. 12,000.
(ii) Balance (Credit) as per Bank Statement as on the date Rs. 16,500.
(iii) Out of the total cheques issued amounting to Rs. 10,000, cheques of Rs. 3,000 were debited by Bank in March, 2018, cheques of RS. 4,000 were debited in april, 2018 and the rest have not been presented yet.
(iv) Out of the total cheques eddeposited amounting to Rs. 5,000, cheques of Rs. 1,500 were credited by bank in March, 2018, and balance cheques were credited in April,2018.
(v) Bank had debited Rs. 100 as bank charges and had credited Rs. 200 as interest.
(vi) A cheque paid to S Ltd. for Rs. 3,400 had been entered in the Cash Book as Rs. 4,300.


Solution

                                                     Bank Reconciliation Statement as on 31st March, 2018 
 Particulars Amount
Details (Rs.)
  Amount
     (Rs.)
Balance as per Cash Book (Dr.)
Add: Cheque issued but not yet presented for payment
         Interest credited by bank but not recorded in Cash book
         Cheque paid to S Lts. for Rs. 3,400 wrongly entered in the Cash book as Rs. 4,300
Less: Cheque deposited but not yet cleared
          Bank charges charged by bank but not recorded in Cash Book
Balance as per Bank Statement (Cr.)
 
7,000
  200
  900
3,500
    100
 12,000

8,100
$$20,100$$
3,600
$$16,500$$

Accountancy

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