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Loan and Rent

Prepare a Ban...

Question

Prepare a Bank Reconciliation Statement in the books of Bharti as on 31st January 2017:
(a) Balance as per Pass Book as on 31st January, 2017 was ₹ 62,500.
(b) Cheque of ₹ 17,800 was issued by her on 28th January 2017 but this was not presented for payment till 31st January 2017.
(c) A cheque of ₹ 4,000 issued to Mr. Rahim, was taken in the cash column.
(d) A cheque of ₹ 15,000 was paid into bank but was omitted to be entered in the cash book.
(e) The bank has charged ₹ 55 as its commission and has allowed interest ₹ 50.

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Solution

Bank Reconciliation Statement
as on January 31, 2017

S. No. Particulars Plus Items (Rs) Minus Items (Rs)

Credit Balance as per Pass Book 62,500

Add: (c) Cheque issued wrongly taken in Cash Column
4,000

(e) Bank charges
55

Less: (b) Cheque issued but not presented for payment
17,800

(d) Cheque deposited but not entered in Cash Book
15,000

(e) Bank allowed interest
50

Debit Balance as per Cash Book 33,705

66,555 66,555

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