Question

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.
(iii) Bank charges Rs. 25 and dividend of Rs. 350 on investments collected by the bank could not be shown in the cash book.
(iv) A bill of Rs.10,000 was retired by the bank under rebate of Rs. 150 but the full amount was credited in the cash book.

Answer 1

Bank Reconciliation Statement as on 31st March, 2018

Particulars	Amount Details (Rs.)	Amount (Rs.)
Overdraft balance as per pass book (Dr.) Add: Cheque issued but not yet presented for payment Dividend credited by bank not recorded in Cash Book Rebate not accounted on payment of bill in Cash book Less: Cheques deposited but not yet credited Bank charges debited by Bank not recorded in Cash Book Overdraft Balance as per Cash Book (Cr.)	5,000 350 150 2,800 25	10,000 5,500 $15,500$ 2,825 $12,675$