CameraIcon

SearchIcon

MyQuestionIcon

226

You visited us 226 times! Enjoying our articles? Unlock Full Access!

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.

Open in App

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

Suggest Corrections

thumbs-up

5

Similar questions

Q. On 31st December, 2014, pass book shows debit balance of ₹ 7,500. From the following particulars, prepare a Bank Reconciliation Statement:
(a) Cheques paid in for collection amounted to ₹ 20,600 but cheques of ₹ 7,800 were credited on 3rd January, 2015.
(b) A cheque of ₹ 1,000 debited in cash book was omitted to be banked.
(c) Cheques of ₹ 7,800 were drawn on 27th December of which cheques of ₹ 2,400 were cashed upto 31st December.
(d) A cheque of ₹ 800 was banked and credited, but omitted to be recorded in cash book.
(e) Bank charged interest on Overdraft ₹ 650.

Q. Prepare Bank Reconciliation Statement as on 31st January, 2017, if Cash Book of Mr. Sanjay showed a credit balance of ₹ 20,100.
(i) The bank had paid fire insurance premium of ₹ 550 which does not appear in the Cash Book.
(ii) Cheques for ₹ 25,000 issued during January, but cheques for only ₹ 18,500 were presented for payment.
(iii) Interest collected by bank ₹ 740.
(iv) Cheques of ₹ 8,700 were deposited into bank, but cheques for ₹ 7,000 were cleared till 31st January, 2017.
(v) A customer deposited ₹ 620 directly into bank without informing Mr. Sanjay.

Q. On 31st January, 2017 the Pass Book of Shri M.L. Gupta shows a debit balance of ₹ 41,000. Prepare a bank reconciliation statement from the following particulars:-
1. Cheques amounting to ₹ 15,600 were drawn on 27th January, 2017. Out of which cheques for ₹ 11,000 were encashed up to 31-1-2017.
2. A wrong debit of ₹ 800 has been given by the bank in the Pass Book.
3. A cheque for ₹ 200 was credited in the Pass Book but was not recorded in the Cash Book.
4. Cheques amounting to ₹ 21,000 were deposited for collection. But out of these, cheques for ₹ 7,400 have been credited in the Pass Book on 5th February, 2017.
5. A cheque for ₹ 1,000 was returned dishonoured by the bank and was debited in the Pass Book only.
6. Interest on overdraft and bank charges amounting to ₹ 100 were not entered in the Cash Book.
7. A cheque of ₹ 500 debited in the Cash Book omitted to be banked.

Q. Prepare a Bank Reconciliation Statement from the following particulars as on 31st March 2015:
(i) Cheques were deposited into bank on 25th March for ₹ 20,000. Out of these cheques for ₹ 8,000 were cleared on 4th April, cheques for ₹ 6,000 on 6th April and one cheque for ₹ 1,400 was dishonoured on 7th April.
(ii) Cheques amounting to ₹ 12,000 were issued in March, out of which cheques for ₹ 2,000 were encashed upto 31st March.
(iii) A bill for ₹ 5,000 (discounted with the bank in January) dishonoured on 30th March 2015 and noting charges paid by bank ₹ 50. No information regarding the dishonour was received from the bank in March 2015.
(iv) Cheque issued to a creditor for ₹ 2,000 was through mistake entered in the cash column of the Cash Book. The same has not been presented for payment till today.
(v) Receipt side of the Cash Book (bank column) was undercast by ₹ 100.
(vi) Bank has paid a bill payable amounting to ₹ 2,500 but it has not been entered in the Cash Book.
(vii) A cheque for ₹ 2,000 issued to Mr. X was omitted to be recorded in Cash Book.
(viii) Dr. balance as per Pass Book was ₹ 7,200.

Q. From the following particulars make out the Bank Reconciliation Statement as on 31st December 2016.
(a) Pass book showed a credit balance of ₹ 15,000 on 31st December 2016.
(b) Cheques of ₹ 17,500 were issued but cheques of ₹ 12,000 only presented for payment till 31st December.
(c) Cheques of ₹ 10,000 were sent to the bank for Collection. Out of which cheques of ₹ 2,000 were credited in the month of January 2017.
(d) Bank paid ₹ 300 as per standing instructions but no record made in the cash book.
(e) Bank charged interest on overdraft ₹ 800 and it was entered twice in pass book by bank.
(f) ₹ 40 as bank charges not recorded in the cash book.
(g) Bank receives ₹ 200 as interest on debentures, but no information being sent to the customer.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Loan and Rent

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Standard IV Mathematics

Join BYJU'S Learning Program

CrossIcon