Question

Overdraft shown by the pass book of Mr Murli is Rs. 20,000. Prepare bank reconciliation statement on dated December 31, 2010.

(i) Bank charges debited as per pass book, Rs. 500,

(ii) Cheques recorded in the cash book but not sent to the bank for collection, Rs. 2,500.

(iii) Received a payment directly from a customer, Rs. 4,600.

(iv) Cheque issued but not presented for payment, Rs. 6,980.

(v) Interest credited by the bank, Rs. 100.

(vi) LIC paid by the bank, Rs. 2,500.

(vii) Cheques deposited with the bank but not collected, Rs. 3,500.

Answer 1

$\begin{array}{ccc}& \text{Bank Reconciliation Statement of Mr Murli}& \\ & \text{as on 31st December, 2010}& \end{array}$

$\begin{array}{cccc}S.N.& Particulars& Amt.(+)& Amt.(-)\\ & \text{Overdraft as per the Pass Book}& & 20,000\\ \text{(i)}& \text{Bank charges debited as per pass book}& 500& \\ \text{(ii)}& \text{Cheque entered but could not send to the bank for}& & \\ & \text{collection}& 2,500& \\ \text{(iii)}& \text{Payment received directly by customer}& & 4,600\\ \text{iv}& \text{Cheque issued but not presented for payment}& & 6,980\\ \text{(v)}& \text{Interest credited by the bank}& & 100\\ \text{(vi)}& \text{LIC paid by bank}& 2,500& \\ \text{(vii)}& \text{Cheque deposited with bank but not collected by bank}& 3,500& \\ \text{(vii)}& \text{Overdraft as per Cash Book}& 22,680& \\ & & \overline{\underset{–}{31,680}}& \overline{\underset{–}{31,680}}\end{array}$