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Computation of Income Tax

From the foll...

Question

From the following particulars prepare bank reconciliation statement as on 31st March 2015:
(a) Debit balance as per Cash Book ₹ 1,500.
(b) A cheque for ₹ 2,000 issued in favour of X has not been presented for payment.
(c) A bill for ₹ 4,000 retired by bank under a rebate of ₹ 120. The full amount of the bill was credited in Cash Book.
(d) A cheque for ₹ 750 deposited in bank has been dishonoured.
(e) A sum of ₹ 3,600 deposited in the bank has been credited as ₹ 360 in the Pass Book.
(f) Payment side of Cash Book has been undercast by ₹ 100.

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Solution

Bank Reconciliation Statement
as on March 31, 2015

S. No. Particulars Plus Items (Rs) Minus Items (Rs)

Debit Balance as per Cash Book 1,500

Add: (b) Cheque issued but not presented for payment
2,000

(c) Rebate on Bills Payable not recorded in Cash Book
120

Less: (d) Cheque deposited but dishonoured
750

(e) Cheque deposited Rs 3,600 recorded as

Rs 360 in Pass Book
3,240

(f) Payment side of Cash Book undercasted
100

Debit Balance (Overdraft) as per Pass Book 470

4,090 4,090

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Q. Prepare a Bank Reconciliation Statement from the following particulars as on 31st March 2015:
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