Question

From the following particulars, prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2010.

(i) Two cheques of Rs. 2,000 and Rs. 5,000 were paid into the bank in October 2010 but were not credited by the bank in the month of December.

(ii) A cheque of Rs. 800 which was received from a customer was entered in the bank column of the cash book in December 2009 but was omitted to be banked in December 2009.

(iii) Cheques for Rs. 10,000 were issued into the bank in January 2010 but not debited by the bank on December 31, 2010.

(iv) Interest on Investment Rs. 1,000 collected by bank appeared in the passbook.

Balance as per passbook was Rs. 50,000.

Answer 1

$\begin{array}{ccc}& \text{Bank Reconciliation Statement}& \\ & \text{as on 31st December, 2010}& \end{array}$

$\begin{array}{cccc}S.N.& Particulars& Amt.(+)& Amt.(-)\\ & \text{Balance as per Pass Book}& 50,000& \\ \text{(i)}& \text{Cheque sent to bank but not credited (2,000 + 5,000)}& 7,000& \\ \text{(ii)}& \text{Cheque entered in cash book but not sent to bank}& 800& \\ \text{(iii)}& \text{Cheque issued but not presented for payment}& & 10,000\\ \text{(iv)}& \text{Interest on investment collected by the bank}& & 1,000\\ & \text{Balance as per Cash Book}& & 46,800\\ & & \overline{\underset{–}{57,800}}& \overline{\underset{–}{57,800}}\end{array}$