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Question

From the follwoing information supplied by Sanjay, prepare his Bank Reconcilation Statement as on 31st March, 2018:
(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, 2018 and noting charges paid by the bank. 100

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Solution

Bank Reconciliation Statement

as on March 31, 2018

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(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


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