Question

Prepare a Bank Reconciliation Statement as on 31st Dec., 2012 from the following transactions:
(i) Bank overdraft as per Pass Book ₹ 22,000 as on 31st Dec.
(ii) On 28th Dec., cheques had been issued for ₹ 50,000 of which cheques worth ₹ 6,000 only had been encashed upto 31st Dec.
(iii) Cheques amounted to ₹ 4,500 had been paid into the bank for collection but out of these only ₹ 1,000 had been credited in the Pass Book.
(iv) The bank has charged ₹ 1,500 as interest on overdraft and the intimation of which has not been received as yet.
(v) Bank has collected ₹ 1,600 directly in respect of interest on investment.
(vi) A cheque of ₹ 1,200 has been debited in bank column of Cash Book, but it was not sent to bank at all.

Answer 1

Bank Reconciliation Statement as on December 31, 2012
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Debit Balance (Overdraft) as per Pass Book		22,000
	Add: (iii) Cheque deposited but not credited (4,500 – 1,000)	3,500
	(iv) Interest on Overdraft charged	1,500
	(vi) Cheque received recorded in Cash Book but not sent for collection	1,200
	Less: (ii) Cheque issued but not presented (50,000 – 6,000)		44,000
	(v) Bank collected interest on investments		1,600
	Credit Balance (Overdraft) as per Cash Book	61,400
		67,600	67,600