On 31^st December, 2010, the Bank Pass Book of Amruta and company showed on overdraft of. 2,560. On comparing the pass Book with the Cash Book following points were observed.

(i) Bank debited Rs 20 for Bank charges and Rs 120 for interest on overdraft, these were not recorded in the Cash Book.

(ii) Cheques of Rs 1,100, Rs 930 and Rs 1,560 deposited into the Bank but out of these only cheque of Rs 1,100 Credited by Bank before 31st December 2010.

(iii) On Customer directly deposited Rs 500 in Company’s Bank A/c, but is out recorded in the Cash Book

(iv) On 20^th December 2010, cheques of Rs 820, Rs 530 and Rs 760 were issued but cheque of Rs 760 was paid before 31^stDecember, 2010 and other cheques were paid on 3^rd January 2011.

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Solution

Bank Reconciliation Statement

as on December 31,2010

S. No.

Particulars

Amount

(Rs)

Amount

(Rs)

Bank Balance as per Pass Book (Dr.)

(2,560)

Add:

Bank Charges debited by the Bank.

20

Interest on overdraft debited by the Bank.

120

Cheque Deposited into bank but not credited by Bank.

2,490

2,630

70

Less:

Customer directly deposited in the bank.

500

Cheques issued but not presented to the bank for payment.

1,350

(1,850)

Balance as per Cash Book (Cr.)/ Overdraft

1,780

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Similar questions

Q. Prepare bank reconciliation statement.
i) Overdraft shown as per cash book on December 31, 2010 Rs. 10,000.
ii) Bank charges for the above period also debited in the pass book Rs. 100.
iii) Interest on overdraft for six months ending December 31, 2010, Rs. 380 debited in the pass book.
iv) issued but not incashed prior to December 31, 2010 amounted to Rs. 2,150.
v) Interest on Investment collected by the bank and credited in the pass book, Rs. 600.
vi) Cheques paid into bank but not cleared before December, 31 2010 were Rs. 1,100.

Prepare bank reconciliation statement.

(i) Overdraft is shown as per cash book on December 31, 2010, Rs. 10,000.

(ii) Bank charges for the above period also debited in the passbook, Rs. 100.

(iii) Interest on overdraft for six months ending December 31, 2010, Rs. 380 debited in the passbook.

(iv) Cheques issued but not encashed prior to December 31, 2010, amounted to Rs. 2,150.

(v) Interest on Investment collected by the bank and credited in the passbook, Rs. 600.

(vi) Cheques paid into the bank but not cleared before December 31, 2010, were Rs. 1,100.

Overdraft shown by the pass book of Mr Murli is Rs. 20,000. Prepare bank reconciliation statement on dated December 31, 2010.

(i) Bank charges debited as per pass book, Rs. 500,

(ii) Cheques recorded in the cash book but not sent to the bank for collection, Rs. 2,500.

(iii) Received a payment directly from a customer, Rs. 4,600.

(iv) Cheque issued but not presented for payment, Rs. 6,980.

(v) Interest credited by the bank, Rs. 100.

(vi) LIC paid by the bank, Rs. 2,500.

(vii) Cheques deposited with the bank but not collected, Rs. 3,500.

On 31^stDecember 2011 the pass book of Medha Traders showed a credit balance of Rs 10,000. On comparing the pass book with the cash book following difference were discovered.
(i) Cheques deposited with the Bank on 27^th December 2011, but collected by Bank on 5^th January, 2012 Rs 4,000.
(ii) Bank paid electricity charges Rs 180 directly not appeared in the cash book.
(ii) Cheque issued Rs 1,500 but not presented to the bank for payment.
(iv) Bank credited interest on fixed deposit Rs 250 and has charged Rs 50 for dishonour of the cheque. These transactions do not appear in the cash book.
(v) The debit column of bank in the cash book is under cast by Rs 100 Prepare bank Reconciliation statement.

Q. Overdraft shown by the pass book of Mr. Murli is Rs. 20,000. Prepare bank reconciliation statement on dated December 31, 2010.
i) Bank charges debited as per pass book, Rs. 500
ii) Cheques recorded in the cash book but not sent to the bank for collection, Rs.2,500.
iii) Received a payment directly from customer, Rs. 4,600.
iv) Cheque issued but not presented for payment. Rs. 6,980.
v) Interest credited by the bank, Rs.100.
vi) LIC paid by bank, Rs.2,500.
vii) Cheques deposited with the bank but not collected, Rs. 3,500.

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Bank Reconciliation Statement as on December 31,2010
S. No.	Particulars	Amount (Rs)	Amount (Rs)
	Bank Balance as per Pass Book (Dr.)		(2,560)
	Add:
	Bank Charges debited by the Bank.	20
	Interest on overdraft debited by the Bank.	120
	Cheque Deposited into bank but not credited by Bank.	2,490	2,630
			70
	Less:
	Customer directly deposited in the bank.	500
	Cheques issued but not presented to the bank for payment.	1,350	(1,850)
	Balance as per Cash Book (Cr.)/ Overdraft		1,780