Question

Prepare a bank reconciliation statement from the following information:
1. Overdraft balance as per cash book is Rs. 1,20,000.
2. Cheque deposited Rs. 30,000 but no entry was passed in cash book.
3. Bill discounted dishonoured for Rs. 20,000.
4. Bank charges of Rs. 50 entered in cash book twice.

Answer 1

Bank Reconciliation Statement
$\begin{array}{ccccc}& \text{Particulars}& \text{Plus (Rs.)}& \text{Minus (Rs.)}& \\ & \text{Overdraft Balance as per Cash Book}& 1,20,000& & \\ \text{Less:}& \text{Cheque deposited but no entry was passed in cash book}& & 30,000& \\ & \text{Bank charges enteres twice in cash book}& & 50& \\ \text{Add:}& \text{Bill discounted dishonoured}& 20,000& & \\ & \text{Overdraft balance as per passbook}& & 1,09,950& \\ & & \underset{–}{\overline{1,40,000}}& \underset{–}{\overline{1,40,000}}& \end{array}$