Question

Prepare a Bank Reconciliation Statement on 31 December, 2014 from the following particulars:-
(a) A's overdraft as per Pass Book ₹ 20,000 as at 31st Dec.
(b) On 30th December, cheques had been issued for ₹ 80,000, of which cheques worth ₹ 15,000 only had been encashed up to 31st December.
(c) Cheques amounting to ₹ 6,500 had been paid into the bank for collection but of these only ₹ 2,500 had been credited in the Pass Book.
(d) The bank has charged ₹ 700 as interest on overdraft and the intimation of which has been received on 2nd January 2015.
(e) The Bank Pass Book shows credit for ₹ 2,000 representing ₹ 1,400 paid by debtor of A direct into the bank and ₹ 600 collected direct by bank in respect of interest on A,s investment. A had no knowledge of these items.
(f) A cheque for ₹ 3,600 has been debited in bank column of Cash Book by A, but it was not sent to bank at all.

Answer 1

Bank Reconciliation Statement as on December 31, 2014
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Debit Balance (Overdraft) as per Pass Book		20,000
	Add: (c) Cheque deposited but not collected (6,500 – 2,500)	4,000
	(d) Interest on Overdraft charged by Bank	700
	(f) Cheque recorded in cash book but not sent to bank	3,600
	Less: (b) Cheque issued but not presented (80,000 – 15,000)		65,000
	(e) Direct deposit by customer		1,400
	(e) Interest on investments		600
	Credit Balance (Overdraft) as per Cash Book	78,700
		87,000	87,000