On 1st January, 2018, Naresh had an overdraft of ₹ 40,000 as shown by his Cash Book in the bank column. Cheques amounting to ₹ 10,000 had been deposited by him but were not collected by the bank by 1st January, 2018. He issued cheques of ₹ 7,000 which were not presented to the bank for payment up to that day. There was also a debit in his Pass Book of ₹ 600 for interest and ₹ 500 for bank charges.
Prepare a Bank Reconciliation Statement.

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Solution

Bank Reconciliation Statement

as on January 01,2018

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

Overdraft as per the Cash Book

40,000

Cheques deposited but not Cleared

10,000

Cheques Issued but not presented for payment

7,000

Bank Charged Interest

600

Bank Charges

500

Overdraft as per the Pass Book

44,100

51,100

51,100

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Bank Reconciliation Statement as on January 01,2018
Particulars	Plus Items (Rs)	Minus Items (Rs)
Overdraft as per the Cash Book		40,000
Cheques deposited but not Cleared		10,000
Cheques Issued but not presented for payment	7,000
Bank Charged Interest		600
Bank Charges		500
Overdraft as per the Pass Book	44,100
	51,100	51,100