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Question

On 31st March, 2018, Pass Book of Shri Rajendra shows a debit of Rs. 10,000. From the following, prepare Bank econciliation Statement:
(i) Cheques amounting to Rs. 8,000 drawn onn 25th March, 2018 of which cheques of Rs. 5,000 were encashed on 2nd April, 20418.
(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 investment 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 150 but the full amount was credited in the Cash Book.

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Solution

Bank Reconciliation Statement as on 31st March, 2018
ParticularsAmount
Details
(Rs.)
Amount
(Rs.)
Overdraft Balance as per Pass Book (Dr.)
Add: Cheques issued but not yet presented for payment
Dividend credited by bank not recorded in Cash Book
Rebate not accouned 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

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