Question

(i) On 31st March, 2016 the bank passbook of Radha showed a balance of Rs. 15,000 to her credit.

(ii) Before that date, she had issued cheques amounting to Rs. 8,000 out of which cheques amounting to Rs. 3,200 have so far been presented for payment.

(iii) A cheque of Rs. 2,200 deposited by her into the bank on 26th March, 2016 is not yet credited in the passbook.

(iv) She had also received a cheque of Rs. 500 which although entered by her in the bank column of cash book, was omitted to be paid into the bank.

(v) On 30th March, 2016 a cheque of Rs. 1,570 received by her was paid into bank but the same was omitted to be entered in the cash book.

(vi) There was a credit of Rs. 150 for interest on current account and a debit of Rs. 25 for bank charges.

Draw up a bank reconciliation statement

Answer 1

Bank Reconciliation Statement
as on 31st March, 2016

$\begin{array}{cccc}& \text{Particurars}& \text{Plus (Rs.)}& \text{Minus (Rs.)}\\ & \text{Credit/Favourabee Balance as per the Passbook}& 15,000& \\ \text{Add}& \text{Cheque deposited but not yet credited}& 2,200& \\ & \text{Cheque received but omitted to be deposited into bank}& 500& \\ & \text{Bank charges}& 25& \\ \text{Less}& \text{Cheques issued but not presented for payment}(8,000-3200)& & 4,800\\ & \text{Cheque received was paid into bank but not entered in the cash book}& & 1,570\\ & \text{Interest credited on current account}& & 150\\ & & & 11,205\\ & \text{Debit/Favourable Balance as per Cash Book}& \underset{–}{\overline{17,725}}& \underset{–}{\overline{17,725}}\end{array}$