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Question

On 31st March, 2019, Pass Book of Shri Bhama Shah shows debit balance of ₹ 10,000. From the following particulars, prepare Bank Reconciliation Statement.
(i) Cheques amounting to ₹ 8,000 drawn on 25th March of which cheques of ₹ 5,000 cashed in April, 2019.
(ii) Cheques paid into bank for collection of ₹ 5,000 but cheques of ₹ 2,200 could only be collected in March 2019.
(iii) Bank charges ₹ 25 and dividend of ₹ 350 on investment 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.

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Solution

Bank Reconciliation Statement

as on March 31,2019

S. No.

Particulars

Plus Items

(₹)

Minus Items

(₹)

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


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