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Prepare a Bank Reconciliation Statement as on 31st March, 2019 from the following:
(i) On 31st March, 2019, Cash Book of a firm showed bank balance of ₹ 36,000 (Dr.).
(ii) Cheques had been issued for ₹ 30,000, out of which cheques of ₹ 24,000 were presented for payment.
(iii) Cheques of ₹ 8,400 were deposited in the bank on 28th March, 2019 but had not been credited by the bank. Also, a cheque of ₹ 3,000 entered in the Cash Book on 30th March, 2019 was banked on 3rd April.
(iv) A cheque from Suresh for ₹ 2,400 was deposited in the bank on 26th March, 2019 was dishonoured, advice was received on 2nd April.
(v) Pass Book showed bank charges of ₹ 120 debited by the bank.
(vi) One of the Debtors deposited ₹ 3,000 in the bank account of the firm on 26th March, 2019, but the intimation in this respect was received from the bank on 2nd April.

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Solution

Bank Reconciliation Statement

as at 31^st March, 2019

S.No.

Particulars

Plus Items

(₹)

Minus Items

(₹)

(i)
Favourable Balance as per Cash Book
36,000

(ii)
Cheques issued but not presented for payment (30,000 – 24,000)
6,000

(iii)
Cheques deposited but not yet credited by bank (8,400 + 3,000)

11,400

(iv)
Cheque received from Suresh dishonoured

2,400

(v)
Bank Charges debited by the bank

120

(vi)
Cheque deposited directly into the bank by debtors
3,000

Balance as per Pass Book (Cr.) (45,000 – 13,920)

31,080

45,000

45,000

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