Question

From the following particulars, prepare Bank Reconciliation Statement as on 31st December, 2008:
(i) Debit balance as per Cash Book ₹ 10,000.
(ii) A cheque for ₹ 500 issued in favour of Karan has not been presented for payment.
(iii) A bill for ₹ 700 retired by bank under a rebate of ₹ 20, the full amount of the bill was credited in the Cash Book.
(iv) A cheque for ₹ 295 deposited in the bank has been dishonoured.
(v) A sum of ₹ 800 deposited in the bank has been credited as ₹ 80 in the Pass Book.
(vi) Payments side of the Cash Book has been undercast by ₹ 200.
(vii) A bill receivable for ₹ 1,000 (discounted with the bank in November 2008) dishonoured on 31st December, 2008.

Answer 1

Bank Reconciliation Statement as on December 31, 2008
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
(i)	Balance as per the Cash Book	10,000
(ii)	A cheque for Rs 500 issued to Karan was not presented for payment	500
(iii)	Rebate of retiring bill was not recorded	20
(iv)	Cheque deposited and dishonoured		295
(v)	A sum of Rs 800 deposited in bank recorded wrongly as Rs 80 in the pass book		720
(vi)	Payment side of the Cash book undercast		200
(vii)	Dishonour of bill has not been recorded in the Cash book		1,000
	Balance as per the Pass Book		8,305
		10,520	10,520