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Question

On 31st March, 2019, Bank Pass Book of Naresh & Co. showed an overdraft of ₹ 10,700. From the following particulars, prepare Bank Reconciliation Statement:
(i) Cheques issued before 31st March, 2019 but presented for payment after that date amounted to ₹ 900.
(ii) Cheques paid into the bank but not collected and credited until 31st March, 2019 amounted to ₹ 2,200.
(iii) Interest on overdraft amounting to ₹ 1,200 did not appear in the Cash Book.
(iii) ₹ 5,000 being interest on investments collected by the bank and credited in the Pass Book were not shown in the Cash Book.
(iv) Bank charges of ₹ 50 were not entered in the Cash Book.
(v) ₹ 800 in respect of dishonoured cheque were entered in the Pass Book but not in the Cash Book.

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Solution

Bank Reconciliation Statement

as on March 31, 2019

S. No.

Particulars

Plus Items

(₹)

Minus Items

(₹)

Overdraft as per the Pass Book

10,700

(i)

Cheque issued in March 2018 but presented after that date

900

(ii)

Cheques deposited but not cleared during March 2018

2,200

(iii)

Interest on Overdraft

1,200

(iv)

Interest on Investment not recorded in the Cash Book

5,000

(v)

Bank Charges

50

(vi)

Amount of bill dishonoured not entered in the Cash Book

800

Overdraft as per the Cash Book

12,350

16,600

16,600


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