Mohan & Co., have two bank accounts–Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account as on 31st March, 2018 according to the Cash Book (Bank Column) of the firm:

₹

(i) Overdraft as per Pass Book. 14,724

(ii) Cheques issued prior to 31st March, 2018 but not presented till 31st March 6,429

(iii) Cheques paid into the bank prior to 31st March, 2018 but not credited till 31st March. 9,751

(iv) Interest debited by the bank but not entered in the Cash Book. 607

(v) Bank charges debited by the bank but not entered in the Cash Book. 140

(vi) Transfer of funds from Account No. II to Account No. I recorded by the bank on 31st March, 2018 but entered in the Cash Book on 2nd April, 2018. 5,000

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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 (Account no I)

14,724

(ii)

Cheques issued but not presented for payment

6,429

(iii)

Cheques deposited but not cleared

9,751

(iv)

Interest Charged on Overdraft

607

(v)

Bank Charges

140

(vi)

Transfer of funds from Account No II to Account No I not entered in the Cash Book

5,000

Overdraft as per the Cash Book

15,655

26,153

26,153

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v) Interest debited by the bank not entered in the cash book, Rs. 580.
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		₹
(i)	Overdraft as per Pass Book.	14,724
(ii)	Cheques issued prior to 31st March, 2018 but not presented till 31st March	6,429
(iii)	Cheques paid into the bank prior to 31st March, 2018 but not credited till 31st March.	9,751
(iv)	Interest debited by the bank but not entered in the Cash Book.	607
(v)	Bank charges debited by the bank but not entered in the Cash Book.	140
(vi)	Transfer of funds from Account No. II to Account No. I recorded by the bank on 31st March, 2018 but entered in the Cash Book on 2nd April, 2018.	5,000

Bank Reconciliation Statement as on March 31, 2018
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
(i)	Overdraft as per the Pass Book (Account no I)		14,724
(ii)	Cheques issued but not presented for payment		6,429
(iii)	Cheques deposited but not cleared	9,751
(iv)	Interest Charged on Overdraft	607
(v)	Bank Charges	140
(vi)	Transfer of funds from Account No II to Account No I not entered in the Cash Book		5,000
	Overdraft as per the Cash Book	15,655
		26,153	26,153