Question

From the following information supplied by Sanjay, prepare his Bank Reconciliation Statement as on 31st March, 2019:

		₹
(i)	Bank overdraft as per Pass Book.	16,500
(ii)	Cheques issued but not presented for payment.	8,750
(iii)	Cheques deposited with the Bank but not collected.	10,500
(iv)	Cheques recorded in the Cash Book but not sent to the bank for collection.	2,000
(v)	Payments received from customers directly by the bank.	3,500
(vi)	Bank charges debited in the Pass Book.	200
(vii)	Premium on life policy of Sanjay paid by the bank on standing advice.	1,980
(viii)	A bill for ₹ 3,000 (discounted with the bank in February) dishonoured on 31st March, 2019 and noting charges paid by the bank.	100

Answer 1

Bank Reconciliation Statement as on March 31, 2019
S. No.	Particulars	Plus Items (₹)	Minus Items (₹)
(i)	Overdraft as per the Pass Book		16,500
(ii)	Cheques issued but not presented for payment		8,750
(iii)	Cheques deposited but not collected	10,500
(iv)	Cheques entered in the Cash Book but not sent to bank for collection	2,000
(v)	Amount directly deposited into bank by customer		3,500
(vi)	Bank Charges	200
(vii)	Insurance Premium paid by bank not recorded in the Cash Book	1,980
(viii)	Bill dishonoured	3,000
	Noting Charges paid by bank	100
	Overdraft as per the Cash Book	10,970
		28,750	28,750