Question

Prepare a bank reconciliation statement from the following particulars on 31st March, 2016.
$\begin{array}{ccc}& & \text{Amt. (Rs.)}\\ \left(i\right)& \text{Debit balance as per bank column of the cash book}& 3,72,000\\ \left(ii\right)& \text{Cheques issued to creditors but not yet presented to the bank for payment}& 72,000\\ \left(iii\right)& \text{Dividend received by the bank but not entered in the cash book}& 5,000\\ \left(iv\right)& \text{Interest allowed by the bank}& 1,250\\ \left(v\right)& \text{Cheques deposited into bank for collection but not collected by bank upto this date}& 15,400\\ \left(vi\right)& \text{Bank charges}& 200\\ \left(vii\right)& \text{A cheque deposited into bank was dishonoured but no intimation was received}& 320\\ \left(viii\right)& \text{Bank paid house tax on our behalf but no information received from bank in this connection}& 350\end{array}$

Answer 1

Bank Reconciliation Statement
as on 31st March. 2016
$\begin{array}{cccc}& \text{Particulars}& \text{Plus (RS.)}& \text{Minus (Rs.)}\\ & \text{Debit/Favourable Balance as per Cash Book}& 3,72,000& \\ \text{Add}& \text{Cheques Issued but not yet presented for payment}& 72,000& \\ & \text{Dividend received by the bank not entered In the cash book}& 5,000& \\ & \text{Interest allowed by the bank not entered in the cash book}& 1,250& \\ \text{Less}& \text{Cheques deposited into bank but not collected by bank upto this date}& & 15,400\\ & \text{Bank charges not entered in the cash book}& & 200\\ & \text{Cheque deposited into bank but dishonoured}& & 320\\ & \text{Payment of house tax by bank on our behalf not entered in the cash book}& & 350\\ & \text{Credit/Favourable Balance as per Passbook}& & 4,33,980\\ & & \underset{–}{\overline{4,50,250}}& \underset{–}{\overline{4,50,250}}\end{array}$