In which column (Plus or Minus) you will write the following while preparing bank reconciliation statement from the credit balance of cash book.

(i) Cheques paid into the bank but not collected.

(ii) Interest on bank overdraft.

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Solution

(i) Minus

(ii) Minus

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While preparing a bank reconciliation statement from the passbook overdraft balance, indicate whether the following item will be written in plus or minus column.

(i) Interest allowed by bank.

(ii) Insurance premium paid by bank.

Prepare a Bank Reconciliation Statement on 31 December 2009 for the following when credit balance as per bank column of cash book is Rs.1,800:

(1) Cheques issued, but not presented for payment Rs.360.

(2) Cheque deposited but not collected by the bank.Rs.770

(3) Interest on overdraft charged by the bank Rs.30.

(4) A customer directly deposited in bank Rs.500.

Q. Prepare Bank Reconciliation Statement from the following:

	₹
(i) Debit balance as per the Cash Book.	15,000
(ii) Cheques deposited but not cleared.	1,000
(iii) Cheques issued but not presented.	1,500
(iv) Bank interest.	200

Q. From the following information, prepare Bank Reconciliation Statement as on 31st March, 2019:

		₹
(i)	Bank overdraft as per Pass Book.	36,000
(ii)	Cheques issued but not presented for payment.	19,700
(iii)	Cheques deposited with bank but not collected.	25,000
(iv)	Cheques entered in Cash Book but not banked.	9,000
(v)	Directly deposited to bank by a customer.	11,000

Q. On 31st March, 2015 the Pass Book shows a credit balance of ₹ 9,000. Prepare a Bank Reconciliation Statement from the following particulars:-

	₹
1. Cheques issued but not yet presented for payment	7,000
2. Cheques issued but omitted to be recorded in the Cash Book	3,800
3. Cheques paid into bank but not yet collected by the bank	2,600
4. Premium on Life Policy paid by the bank on standing advice	360
5. Payments received from customers direct by the bank	2,000

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In which column (Plus or Minus) you will write the following while preparing bank reconciliation statement from the credit balance of cash book. (i) Cheques paid into the bank but not collected. (ii) Interest on bank overdraft.

(i) Minus (ii) Minus

In which column (Plus or Minus) you will write the following while preparing bank reconciliation statement from the credit balance of cash book.

(i) Cheques paid into the bank but not collected.

(ii) Interest on bank overdraft.

(i) Minus

(ii) Minus