Question

On 1st January 2010, Rakesh had an overdraft of Rs. 8,000 as shown in his cash book. Cheques amounting to Rs. 2,000 had been paid in by him but were not collected by the bank by January 1, 2010. He issued cheques of Rs. 800 which were not presented to the bank for payment up to that day. There was a debit in his pass book of Rs. 60 for interest and Rs. 100 for bank charges. Prepare a bank reconciliation statement for comparing both the balance.

Answer 1

$\begin{array}{ccc}& \text{Bank Reconciliation Statement of Mr Rakesh}& \\ & \text{as on 1st January, 2010}& \end{array}$

$\begin{array}{cccc}S.N.& Particulars& Amt.(+)& Amt.(-)\\ & \text{Overdraft as per Cash Book}& & 8,000\\ \text{(i)}& \text{Cheque sent to the bank for collection but not collected}& & 2,000\\ \text{(ii)}& \text{Cheque issued but not presented for payment}& 800& \\ \text{(iii)}& \text{Bank charges charged by Bank}& & 100\\ \text{(iv)}& \text{Interest charged by bank}& & 60\\ & \text{Overdraft as per Pass Book}& 9,360& \\ & & \overline{\underset{–}{10,160}}& \overline{\underset{–}{10,160}}\end{array}$