Question

On 31st March, 2018, Bank Statement of Dinesh showed a credit balance of Rs. 15,650 whereas the Cash Book showed debit balance of Rs. 15,200. The reasons for differences were:
(i) Cheques issued to roshan for rs. 6,000 and to Daniel for Rs. 3,840 were not presented for payment.
(ii) Bank charged Rs. 350 for bank charges, which was not recorded in the Cash Book.
(iii) Nitesh directly deposited Rs. 8,160 into the Bank Account of the trader which was not entered in the Cash Book.
(iv) Two cheques one from Shyam for Rs. 5,150 and another from Kailash for Rs. 12,500 were collected by bank in the first week of April, 2018 although they were banked on 25th March, 2018.
(v) Interest credited by bank was Rs. 450, which was not recorded in the Cash Book.

Answer 1

Bank Reconciliation Statement as on 31st March, 2018

Particulars	Amount Details (Rs.)	Amount (Rs.)
Balance as per Bank Statement (Cr.) Add: Cheque deposited but not yet collected: Shyam 5,150 Kailash 12,500 Bank charges debited by the bank, not recorded in cash book Less: Cheques issued but not yet presented for payment: Roshan 6,000 Daniel 3,840 Direct deposit in bank by Nitesh Interest credited by the bank, not recorded in Cash Book Balance as per Cash Book	17,650 350 9,840 8,160 450	15,650 18,000 $33,650$ 18,450 $15,200$