Question

(Overdraft as per cash Book). Prepare Bank Reconciliation Statement as on 30th June, 2017 for Jyoti Sales Private Limited from the information given below:

Rs.

(i) Bank overdraft as per Cash Book on 30th June, 2017. 1,10,450

(ii) Cheques issued on 20th June, 2017 but not yet presented 15,000

(iii) Cheques deposited but not yet credited by the bank. 22,750

(iv) Bills sent for collection not advised by the bank but credited to the account. 47,200

(v) Interest debited by the bank on 27th June, 2017 but no advice received. 12,115

(vi) Subsidy received from the authorities by the bank on our behalf, credited to the

account. 2,000

(vii) Amount wrongly debited by the bank. 2,400

(viii) Amount wrongly credited by bank. 5,000

Answer 1

Particulars	Amount (Rs.)	Amount (Rs.)
Balance (Ovverdraft) as per Cash Book (Cr.) Add: Cheque deposited but bot yet collected Interest debited by Bank but not recorded in Cash Book Amount wrongly debited by Bank Less: Cheques issued but not yet presented for payment Bills sent for collection credited by bank but not recorded in Cash Book Subsidy received by Bank and credited but not recorded in Cash Book Amount wrongly credited by Bank Balance (Overdraft) as per Pass book (Dr.)	22,750 12,115 2,400 15,000 47,200 22,000 5,000	1,10,450 37,265 $1,47,715$ 89,200 $58,515$