Question

Prepare a Bank Reconciliation Statement on 31 May 2012 for the following:

(1) Cheques issued before May 31, 2012, amounting to Rs. 25,940 had not been presented for encashment.

(2) Two cheques of Rs. 3,900 and Rs. 2,350 were deposited into the bank on May 31 but the bank gave credit for the same in June, 2012.

(3) There was also a debit in the passbook of Rs. 2,500 in respect of a cheque dishonoured on 31.5.2012. Prepare a bank reconciliation statement as on May 31, 2012

Answer 1

Bank Reconciliation Statement

$\begin{array}{cccc}\text{Particulars}& & (+)& (-)\\ & & \text{Amount}& \text{Amount}\\ & & \text{Rs.}& \text{Rs.}\\ \text{1.}& \text{Balance as per passbook}& \text{45,000}& \\ \text{2.}& \text{Cheques deposited but not collected by the bank}& \text{6,250}& \\ & \text{(Rs. 3,900 + Rs. 2,350)}& & \\ \text{3.}& \text{Cheques dishonoured recorded only in passbook}& \text{2,500}& \\ \text{4.}& \text{Cheques issued but not presented for payment}& & \text{25,940}\\ \text{5.}& \text{Balance as per cash book}& & \text{27,810}\\ & \text{Total}& \text{53,750}& \text{53,750}\end{array}$