Question

Prepare Bank Reconcilation Statement form the following particulars and show balance as per Cash Book:
(i) Balance as per Pass Book on 31st March, 2018 overdrawn ₹ 10,000.
(ii) Cheques drawn in the last week of March, 2018 but not cleared till 3rd April, 2018 ₹ 20,000.
(iii) Interst on bank overdraft not entered in the Cash Book ₹ 1,500.
(iv) Cheques of ₹ 20,000 deposited in the bank in March, 2018 but not collected and credited till 3rd April, 2018.
(v) ₹ 100 Insurance premium paid by the bank under a standing order has not been entered in the Cash Book.
(iv) A draft of ₹ 10,000 favouring Atul & Co. was issued by the bank charging commission of ₹ 200. However, in the Cash Book entry was passed by ₹ 10,000.

Answer 1

Bank Reconciliation Statement as on March 31, 2018
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
(i)	Overdraft as per the Pass Book		10,000
(ii)	Cheques issued but not presented for payment during March		20,000
(iii)	Interest charged by bank on Overdraft	1,500
(iv)	Cheques deposited in to bank but not collected	20,000
(v)	Insurance premium paid by bank but not entered in the Cash Book	100
(vi)	Bank charging commission not entered in the cash book	200
	Overdraft as per the Cash Book	8,200
		30,000	30,000