On 31st March, 2018, Bank Statement of a merchant shows a credit balance of Rs. 33,750 whereas Cash Book showed debit balance of Rs. 50,000.
It was observed that the difference were because of the following:
(i) Cheques and drafts sent to the bank but not collected and credited, amounted to Rs. 7,900 and three cheques drawn for rs. 3,000; Rs. 1,500 and Rs. 2,000 respectively were not presented for payment till 30th April, 2018.
(ii) Bank has paid a bill payable amounting to Rs. 10,000 but it has not been entered in the Cash Book and a bill receivable of Rs. 5,000 which was discounted with the bank was dishonoured by the drawee on the due date.
(iii) Bank has charged Rs. 130 as its commission for collecting outstation cheques and had credited an interest of Rs. 100 in the account.
Prepare Bank Reconciliation Statement as on 31st March, 2018

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Solution

Bank Reconciliation Statement as on 31st March, 2018
Particulars Amount
Details (Rs.) Amount (Rs.)
Balance as per Bank Statement (Cr.)
Add: Cheques and drafts deposited but not collected and credited
Bills payable paid by bank but not reorded in Cash Book
Bill discounted dishonoured
Bank Commission not recorded in Cash Book
Less: Cheques issued but not presented for payment
Interest credited by bank but not recorded in Cash Book
balance as per Cash Book (Dr.)
7,900
10,000
5,000
130
6,500
100
33,570
23,030
$56, 600$
6,600
$50, 000$

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On 31st December 2011, the Pass Book of a merchant shows the credit balance to be 3,357. The cheques and drafts sent to the bank but not collected and credited amounted to = 790 and three cheques drawn for RS 300, 150 and 200 respectively were not presented for payment till 31st January next year.

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(ii) Balance (Credit) as per Bank Statement as on the date Rs. 16,500.
(iii) Out of the total cheques issued amounting to Rs. 10,000, cheques of Rs. 3,000 were debited by Bank in March, 2018, cheques of RS. 4,000 were debited in april, 2018 and the rest have not been presented yet.
(iv) Out of the total cheques eddeposited amounting to Rs. 5,000, cheques of Rs. 1,500 were credited by bank in March, 2018, and balance cheques were credited in April,2018.
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Q. On 31st March, 2018, the Cash Book of Rohan showed an overdraft of Rs. 5,600.
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(i) Cheques issued but not credited before 31st March, 2018 amounted to Rs. 3,964.
(ii) Cheques deposited into the bank but not credited before 31st March, 2018 amounted to Rs. 4,891.
(iii) A Bill Recievable for Rs. 520 previously discounted with the bank had been dishonoured and bank charges debited in the pass book amounted to Rs. 55
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Q. On 31st March, 2018 Pass Bok of Shri Rajendra shows a debit of Rs. 10,000. From the following, prepare bank Reconciliation statement.
(i) Cheques amounting to Rs. 8,000 drawn on 25th March, 2018 of which cheques of Rs. 5,000 were encashed on 2nd April, 2018.
(ii) Cheques paid into the bank for collection Rs. 5,000 but cheques of Rs. 2,200 could only be collected in March, 2018.
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(ii) cheque drawn but not encashed before 31st December 2016 for Rs. 4,000.

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Particulars	Amount Details (Rs.)	Amount (Rs.)
Balance as per Bank Statement (Cr.) Add: Cheques and drafts deposited but not collected and credited Bills payable paid by bank but not reorded in Cash Book Bill discounted dishonoured Bank Commission not recorded in Cash Book Less: Cheques issued but not presented for payment Interest credited by bank but not recorded in Cash Book balance as per Cash Book (Dr.)	7,900 10,000 5,000 130 6,500 100	33,570 23,030 $56, 600$ 6,600 $50, 000$