Question

Prepare a bank reconciliation statement from the following particulars and show the balance as per cash book.

(i) Balance as per pass book on December 31, 2010, overdrawn Rs. 20,000.

(ii) Interest on bank overdraft not entered in the cash book Rs. 2,000.

(iii) Rs. 200 insurance premium paid by the bank has not been entered in the cash book.

(iv) Cheques drawn in the last week of December 2010 were not cleared till date for Rs. 3,000 and Rs. 3,500.

(v) Cheques deposited into the bank on November 2010, but yet to be credited on dated December 31, 2010, Rs. 6,000.

(vi) Wrongly debited by the bank, Rs. 500.

Answer 1

$\begin{array}{ccc}& \text{Bank Reconciliation Statement}& \\ & \text{as on 31st March, 2010}& \end{array}$

$\begin{array}{cccc}S.N.& Particulars& Amt.(+)& Amt.(-)\\ & \text{Overdraft as per Pass Book}& & 20,000\\ \text{(i)}& \text{Interest on bank overdraft}& 2,000& \\ \text{(ii)}& \text{Insurance premium paid by bank}& 200& \\ \text{(iii)}& \text{Cheque issued but not presented for payment}& & 6,500\\ & (3,000+3,500)& & \\ \text{(iv)}& \text{Cheque sent to the bank for collection but not collected}& 6,000& \\ \text{(v)}& \text{Amount wrongly debited by bank}& 500& \\ & \text{Overdraft as per Cash Book}& 17,800& \\ & & \overline{\underset{–}{26,500}}& \overline{\underset{–}{26,500}}\end{array}$