Question

On 31st March, 2018, Pass Book of Shri Bhama Shah shows debit balance of ₹ 10,000. From the following particulars, prepare Bank Reconcilation Statement.
(i) Cheques amounting to ₹ 8,000 drawn on 25th March of which cheques of ₹ 5,000 cashed in April, 2018.
(ii) Cheques paid into bank for collection of ₹ 5,000 but cheques of ₹ 2,200 could only be collected in March 2018.
(iii) Bank charges ₹ 25 and dividend of ₹ 350 on investemnt collected by bank could not be shown in the Cash Book.
(iv) A cheque of ₹ 600 debited in the Cash Book omitted to be banked.
(v) Bill of ₹ 5,000 discounted with Bank but was not recorded in the Cash Book.

Answer 1

Bank Reconciliation Statement as on March 31,2018
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Debit Balance as per the Pass Book		10,000
(i)	Cheque issued in March but presented for payment in April		5,000
(ii)	Cheques deposited but not cleared in March	2,800
(iii)	Bank Charges not entered in the Cash Book	25
	Interest on Investment collected by bank not entered in the Cash Book		350
(iv)	Cheque entered in the Cash Book but not deposited in bank	600
(v)	Bill discounted with bank not recorded in cash book		5,000
	Credit Balance (Overdraft ) as per the Cash Book	16,925
		20,350	20,350