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Question

On 31st December, 2014 my Cash Book showed a credit balance of ₹ 8,800. I had paid into Bank three cheques amounting to ₹ 6,000 on 24th December of which I found ₹ 3,200 have been credited in the Pass Book under date 5th January 2015. I had issued cheques amounting to ₹ 8,000 before 31st December of which I found ₹ 2,500 have been debited in the Pass Book after 1st January 2015. I find a debit of ₹ 50 in respect of bank charges in the Pass Book which I have adjusted in the Cash Book on 31st Dec. There is a credit of ₹ 360 for interest on securities in the Pass Book which remains to be adjusted. A cheque of ₹ 1,200 deposited into bank has been dishonoured.
Prepare Bank Reconciliation Statement as on 31st Dec. 2014.

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Solution

Bank Reconciliation Statement
as on December 31, 2014
S. No. Particulars Plus Items (Rs) Minus Items (Rs)
Credit Balance (Overdraft) as per Cash Book 8,800
Add: Cheque issued but not presented for payment
2,500
Bank collected interest on securities
360
Less: Cheque deposited but not credited by Bank
3,200
Cheque dishonoured
1,200
Debit Balance (Overdraft) as per Pass Book 10,340
13,200 13,200

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