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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.


Solution

          Bank Reconciliation Statement of Mr Rakesh          as on 1st January, 2010

S.N.ParticularsAmt. (+)Amt. ()Overdraft as per Cash Book   8,000(i)Cheque sent to the bank for collection but not collected   2,000(ii)Cheque issued but not presented for payment     800(iii)Bank charges charged by Bank      100(iv)Interest charged by bank        60Overdraft as per Pass Book   9,360  ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯10,160––––––   ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯10,160––––––


Accountancy

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