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 bank has not been entered in the cash book.
iv) Cheques drawn in the last week of December,2010, but not cleared till date for Rs.3,000 and Rs.3,500.
v) Cheques deposited into bank on November, 2010 , but yet to be credited on dated December 31, 2010, Rs.6,000.
vi) Wrongly debited by bank,Rs.500.

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Solution

Bank Reconciliation Statement
December 31, 2010

S.No
Particulars
Amt.(+)
Amt.(-)

i
ii
iii
iv
v
Overdraft as per Pass Book

Interest on bank overdraft

Insurance premium paid by bank

Cheque issued but not presented for
payment(3,000+3,500)

Cheque sent to the bank for collection but not collected

Amount wrongly debited by bank

Overdraft as per Cash Book
2,000

200
6,000
500
17,800
26,500 20,000
6,500

26,500

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Similar questions

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.

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

(i)	Balance as per passbook on March 31, 2017 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 bank has not been entered in the cash book.
(iv)	Cheques drawn in the last week of March, 2017, but not cleared till date for Rs 3,000 and Rs 3,500.
(v)	Cheques deposited into bank on February 2017, but yet to be credited on dated March 31, 2017 Rs 6,000.
(vii)	Wrongly debited by bank Rs 500.

Q. Prepare bank reconciliation statement.
i) Overdraft shown as per cash book on December 31, 2010 Rs. 10,000.
ii) Bank charges for the above period also debited in the pass book Rs. 100.
iii) Interest on overdraft for six months ending December 31, 2010, Rs. 380 debited in the pass book.
iv) issued but not incashed prior to December 31, 2010 amounted to Rs. 2,150.
v) Interest on Investment collected by the bank and credited in the pass book, Rs. 600.
vi) Cheques paid into bank but not cleared before December, 31 2010 were Rs. 1,100.

From the following particulars, prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2010.

(i) Two cheques of Rs. 2,000 and Rs. 5,000 were paid into the bank in October 2010 but were not credited by the bank in the month of December.

(ii) A cheque of Rs. 800 which was received from a customer was entered in the bank column of the cash book in December 2009 but was omitted to be banked in December 2009.

(iii) Cheques for Rs. 10,000 were issued into the bank in January 2010 but not debited by the bank on December 31, 2010.

(iv) Interest on Investment Rs. 1,000 collected by bank appeared in the passbook.

Balance as per passbook was Rs. 50,000.

Q. Raghav & Co have two bank accounts,Account No.I and Account No.II. From the following particulars relating to Account No.I, find out the balance on that account of December 31, 2010 according to the cash book of the firm.
i) Cheques paid into bank prior to December 31, 2010, but not credited for Rs. 10,000.
ii) Transfer of funds from Account No II to Account No I recorded by the bank, on December 31, 2010 but entered in the cash book after hat date for Rs.8,000.
iii) Cheques issued prior to December 31, 2010 but not presented until after that date for Rs. 7,429
iv) Bank charges debited by bank not entered in the cash book for Rs. 200.
v) Interest debited by the bank not entered in the cash book, Rs. 580.
vi) Overdraft as per pass book,Rs.18,990.

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