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.

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Solution

Bank Reconciliation Statement

as on December 31,2011

S. No.

Particulars

Amount

(Rs)

Amount

(Rs)

Bank Balance as per Pass Book (Cr.)

10,000

Add:

Cheques deposited but not collected by the bank.

4,000

Electricity Charges directly paid by the Bank.

180

Bank Charged amount for dishonour of Cheques

50

4,230

14,230

Less:

Cheques issued but not presented for payment.

1,500

Interest on fixed deposit credited by the Bank.

250

Under casting of Cash book.

100

1,850

Balance as per Pass Book (Dr.)

12,380

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Similar questions

Q. The cash book shows a bank balance of Rs.7,800. On comparing the cash book with pass book, the following discrepancies were noted
i) Cheque deposited in bank not credited,Rs.3,000.
ii) Cheque issued but not yet present for payment,Rs.1,500.
iii) Insurance premium paid by the bank, Rs.2,000.
iv) Bank interest credit by the bank, Rs.400.
v) Bank charges,Rs.100.
vi) Directly deposited by a customer,Rs.4,000.

The cash book shows a bank balance of Rs. 7,800. On comparing the cash book with Passbook, the following discrepancies were noted

(i) Cheque deposited in the bank but not credited, Rs. 3,000.

(ii) Cheque issued but not yet presented for payment, Rs. 1,500.

(iii) Insurance premium paid by the bank, Rs. 2,000.

(iv) Bank interest credit by the bank, Rs. 400.

(v) Bank charges, Rs. 100.

(vi) Directly deposited by a customer, Rs. 4,000.

The cash book shows a bank balance of Rs. 8,000. On comparing the cash book with passbook the following discrepancies were noted:
(a) Cheque deposited in bank but not credited Rs. 3,000
(b) Cheque issued but not yet present for payment Rs. 1,500
(c) Insurance premium paid by the bank Rs. 1,500
(d) Bank interest credit by the bank Rs. 400
(e) Bank charges Rs. 100
(f) Directly deposited by a customer Rs. 4,000

Find the balance as per pass book.

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.

Q. From the following particulars a Bank Reconciliation Statement for the year ending on 31^stMarch 2011

(i) Bank balance as per Cash Book Rs 8,600
(ii) Cheques of Rs 4,000 issued but not presented for payment
(iii) Bank debited bank charges Rs 200
(iv) Cheque of Rs 2,800 deposited into the Bank but not Credited by Bank
(v) Bank paid Insurance Premium on our behalf directly Rs 2,500 not recorded in the Cash Book.
(vi) Bank Credited interest on investment Rs 1,900 but not recorded in the Cash Book.

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Bank Reconciliation Statement as on December 31,2011
S. No.	Particulars	Amount (Rs)	Amount (Rs)
	Bank Balance as per Pass Book (Cr.)		10,000
	Add:
	Cheques deposited but not collected by the bank.	4,000
	Electricity Charges directly paid by the Bank.	180
	Bank Charged amount for dishonour of Cheques	50	4,230
			14,230
	Less:
	Cheques issued but not presented for payment.	1,500
	Interest on fixed deposit credited by the Bank.	250
	Under casting of Cash book.	100	1,850
	Balance as per Pass Book (Dr.)		12,380