Question

On 31st March, 2018, Cash Book of Mahesh showed debit bank balance of ₹ 75,000. When compared with the Bank Statement, following facts were discovered. On 30th March, two cheques of ₹ 5,000 and ₹ 7,000 were deposited in the bank but were not realised till date. On 28th March, three cheques of ₹ 6,000, ₹ 8,000 and ₹ 12,000 were issued but none of these were presented to the bank for payment. On 31st March, bank credited ₹ 1,250 as interest but this was not recorded in the Cash Book. Similarly, the bank had charged ₹ 150 as bank charges but this was not recorded in the Cash Book.
Bank paid insurance premium of ₹ 5,000 but it was recorded as ₹ 500 in Cash Book. Prepare Bank Reconcilation Statement on 31st March, 2018.

Answer 1

Bank Reconciliation Statement as on March 31, 2018
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Balance as per the Cash Book	75,000
(i)	Two cheques Rs 5,000 and Rs 7,000 were deposited but were not cleared		12,000
(ii)	Three cheques Rs 6,000 , Rs 8,000 and Rs 12,000 were issued but were not presented for payment	26,000
(iii)	Bank allowed Interest	1,250
(iv)	Bank Charges		150
(v)	Insurance premium less charged		4,500
	Balance as per the Pass Book		85,600
		1,02,250	1,02,250