Question

On 31st March, 2015 the Pass Book of Mr. Janaki Dass showed a credit balance of ₹ 20,600. Prepare a Bank Reconciliation Statement from the following information:
(i) Cheques amounting to ₹ 15,000 were drawn in March 2015, out of which cheques for ₹ 5,500 were presented for payment on 3rd April.
(ii) A cheque for ₹ 5,475 was deposited into the bank, but wrongly entered in the Cash Book as ₹ 5,745.
(iii) A cheque of ₹ 5,000 which was received from a customer was entered in the cash column of the Cash Book in March 2015 but was omitted to be banked in the month of March.
(iv) A B/P of ₹ 10,000 was retired by the bank under a rebate of ₹ 100 but the full amount of the bill was credited in the Cash Book.
(v) Bank charges entered in the Cash Book twice ₹ 200.

Answer 1

Bank Reconciliation Statement as on March 31, 2015
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Credit Balance as per Pass Book	20,600
	Add: (b) Amount of Cheque wrongly entered in Cash Book (5,745 – 5,475)	270
	Less: (a) Cheque issued but not presented for payment		5,500
	(c) Rebate on Bills Payable not recorded in Cash Book		100
	(d) Bank charges entered twice in Cash Book		200
	Debit Balance as per Cash Book		15,070
		20,870	20,870

Note: Transaction no. (iii) will have no effect on the bank balance as the cheque was recorded in the cash column and was not banked till the date of preparation of Bank Reconciliation Statement.