Question

Prepare a bank reconciliation statement as on 30th September 2016 from the following particulars.

$\begin{array}{ccc}& & \text{Amt (Rs.)}\\ \left(i\right)& \text{Bank balance as per passbook}& 10,000\\ \left(ii\right)& \text{Cheque deposited into the bank but no entry was passed in the cash book}& 500\\ \left(iii\right)& \text{Cheque received and entered in the cash book but not sent to bank}& 1,200\\ \left(iv\right)& \text{Credit side of the cash book bank column cast short}& 200\\ \left(v\right)& \text{Insurance premium paid directly by the bank under the standing advice}& 600\\ \left(vi\right)& \text{Bank charges entered twice in the cash book}& 20\\ \left(vii\right)& \text{Cheque issued but not presented to the bank for payment}& 500\\ \left(viii\right)& \text{Cheque received entered twice in the cash book}& 1,000\\ \left(ix\right)& \text{Bill discounted dishonoured, not recorded in the cash book}& 5,000\end{array}$

Answer 1

Bank Reconciliation Statement
as on 30th September, 2016

$\begin{array}{cccc}& \text{Particulars}& \text{Plus (Rs.)}& \text{Minus}(Rs.)\\ & \text{Credit/Favourable Balance as per Passbook}& 10,000& \\ \text{Add}& \text{Cheque received and recorded in the cash book but not sent to bank}& 1,200& \\ & \text{Credit side of the cash book bank column cast short}& 200& \\ & \text{Insurance premium not recorded in the cash book}& 600& \\ & \text{Cheque received entered twice in the cash book}& 1,000& \\ & \text{Bill discounted dishonoured, not recorded in the cash book}& 5,000& \end{array}$

$\begin{array}{cccc}& \text{Particulars}& \text{Plus (Rs.)}& \text{Minus (Rs.)}\\ \text{Less}& \text{Cheque deposited into the bank but not recorded in the cash book}& & 500\\ & \text{Bank charges entered twice in the cash book}& & 20\\ & \text{Cheque issued but not presented for payment}& & 500\\ & \text{Debit/Favorable Balance as per Cash Book}& & 16,960\\ & & \underset{–}{\overline{18,000}}& \underset{–}{\overline{18,000}}\end{array}$