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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.

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Solution

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

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