Question

On 31st March, 2017, Pass Book showed a balance of ₹ 25,000. Prepare a Bank Reconciliation Statement from the following particulars:
(i) Cheques of ₹ 20,000 were deposited in Bank on 27th March, 2017, out of which cheques of ₹ 5,000 were cleared on 1st April, 2017. Rest are not cleared.
(ii) On 28th March, 2017, cheques were issued amounting to ₹ 15,000, out of which cheques of ₹ 3,000 were presented in March, ₹ 4,000 on 2nd April and rest were not presented.
(iii) Cheques of ₹ 10,000 were deposited in Bank on 28th March, 2017, out of which cheques of ₹ 4,000 were cleared on 2nd April, 2017 and rest are dishonoured.
(iv) Interest on investment collected by bank does not appear in the Cash Book ₹ 800.
(v) A B/R of ₹ 9,000 previously discounted from the bank was dishonoured on 30th March, 2017 but no intimation was received from the bank till 31st March.
(vi) Bank has debited ₹ 1,500 and credited ₹ 1,200 in our account.

Answer 1

Bank Reconciliation Statement as on March 31, 2017
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Credit Balance as per Pass Book	25,000
	Add: (i) Cheque deposited into Bank but not credited	20,000
	(iii) Cheque deposited but not collected by Bank	10,000
	(v) Bills Receivable discounted with bank dishonoured	9,000
	(vi) Bank debited our account	1,500
	Less: (ii) Cheque issued but not presented for payment (15,000 – 3,000)		12,000
	(iv) Interest on Investment collected by Bank		800
	(vi) Bank credited our account		1,200
	Debit Balance (Overdraft) as per Cash Book		51,500
		65,500	65,500