Question

On 30th June 2014, the bank balance as per Sanjay Yadav's Cash Book was ₹ 1,500. On comparing with the Pass Book the following information was received:-
1. Cheques amounting to ₹ 7,290 were issued on 28th June, of which one cheque of ₹ 1,300 was presented in the bank for payment on 4th July.
2. Cheques deposited into bank for ₹ 10,000, but of these cheques for ₹ 4,000 were cleared and credited in July.

3. Interest and Dividend on investments ₹ 580 collected by bank and credited to his account but he did not have any information for this.
4. Life Insurance Premium ₹ 750 paid by bank according to his standing orders.
5. Bank Charges ₹ 25 not recorded in the Cash Book.
Prepare a Bank Reconciliation Statement.

Answer 1

Bank Reconciliation Statement as on June 30, 2014
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Debit Balance as per Cash Book	1,500
	Add: 1. Cheques issued but not presented for payment	1,300
	3. Interest and Dividend collected by Bank	580
	Less: 2. Cheques deposited but not yet credited by the bank		4,000
	4. Life Insurance Premium paid by Bank		750
	5. Bank charges not recorded in Cash Book		25
	Debit Balance (Overdraft) as per Pass Book	1,395
		4,775	4,775