Question

On 31st January 2016, the passbook of Shri ML Gupta shows a debit balance of Rs. 41,000. Prepare a bank reconciliation statement from the following particulars

(i) Cheques amounting to Rs. 15,600 were drawn on 27th January 2016. Out of which cheques id Rs. 11,000 were encashed up to 31st January 2016.

(ii) A wrong debit of Rs. 800 has been given by the bank in the passbook.

(iii) A cheque for Rs. 200 was credited in the passbook but was not recorded in the cash book.

(iv) Cheques amounting to Rs. 21,000 were deposited for collection. But out of these, cheques for Rs. 7,400 have been credited in the passbook on 5th February. 2016.

(v) A cheque for Rs. 1,000 was returned dishonoured by the bank and was debited in the passbook only.

(vi) Interest on overdraft and bank charges amounted to Rs. 100 were not entered in the cash book.

(vii) A cheque of Rs. 500 debited in the cash book was omitted to be banked.

Answer 1

Bank Reconciliation Statement
as on 31st January,2016

$\begin{array}{cccc}& \text{Particulars}& \text{Plus (Rs.)}& \text{Minus (Rs.)}\\ & \text{Overdrat/Debit/Unfavourable Balance as per Passbook}& & 41,000\\ \text{Add}& \text{Wrong debit given by bank in the passbook}& 800& \\ & \text{Cheques deposited but not credited upto January, 2016}& 7,400& \\ & \text{Cheque deposited but dishonoured}& 1,000& \\ & \text{Interest on overdraft and bank charges charged by bank}& 100& \\ & \text{Cheque debited in the cash book but omitted to be banked}& 500& \\ \text{Less}& \text{Cheques drawn but not encashed upto 31st January}.2016(15,603-11,000)& & 4,600\\ & \text{Cheque credited in the pass book but not recorded in the cash book}& & 200\\ & \text{Overdraft/Credit/Unfavourable Balance as per Cash Book}& 36,000& \\ & & \underset{–}{\overline{45,800}}& \underset{–}{\overline{45,800}}\end{array}$