Question

From the following particulars, you are required to ascertain the bank balance as would appear in the Cash Book of Ramesh as on 31st October, 2017:
(i) Bank Pass Book showed an overdraft of ₹ 16,500 on 31st October.
(ii) Interest of ₹ 1,250 on overdraft up to 31st October, 2017 has been debited in the Bank Pass Book but it has not been entered in the Cash Book.
(iii) Bank charges debited in the Bank Pass Book amounted to ₹ 35.
(iv) Cheques issued prior to 31st October, 2017 but not presented till that date, amounted of ₹ 11,500.
(v) Cheques paid into bank before 31st October, but not collected and credited up to that date, were for ₹ 2,500.
(vi) Intrest on investment collected by the bankers and credited in the Bank Pass Book amounted to ₹ 1,800.

Answer 1

Bank Reconciliation Statement as on October 31,2017
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
(i)	Overdraft as per the Pass Book		16,500
(ii)	Interest on Overdraft	1,250
(iii)	Bank Charges	35
(iv)	Cheques issued but not presented for payment		11,500
(v)	Cheques deposited but not cleared	2,500
(vi)	Interest on Investment was not recorded in the Cash Book		1,800
	Overdraft as per the Cash Book	26,015
		29,800	29,800