Prepare Bank Reconciliation Statement as on 31st January 2011 from the following details.
(i) Cash Book shows debit balance of Rs 5000 as on 31^stJanuary, 2011.
(ii) Out of cheques of Rs 8,000 issued, cheques of Rs 4,000 has not been presented for payment till 31^st January, 2011.
(iii) Bank commission Rs 75 debited in the Pass Book only.
(iv) Transferred Rs 2,000 from Fixed deposit account to Current account, but not recorded.
(v) A cheque of Rs 4,500 deposited into Bank but not cleared by Bank.
(vi) Divided collected by Bank, though recorded in the Pass Book, failed to be recorded in the Cash Book Rs 650.

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Solution

Bank Reconciliation Statement

as on January 31,2011

S. No.

Particulars

Amount

(Rs)

Amount

(Rs)

Balance as per the Cash Book

5,000

Add:

Cheques issued but not presented for payment.

4,000

Transferred Rs 2,000 from Fixed deposit account to current account.

2,000

Dividend Collected by bank.

650

6,650

11,650

Less:

Commission Debited in the pass book.

75

Cheques Deposited into bank but not credited by the bank

4,500

4,575

Balance as per Pass Book (Cr.)

7,075

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Prepare a Bank Reconciliation Statement as on 30^thJune 2011 from the following details-
(i) Pass Book shows an overdraft of Rs 6,000
(ii) Bills Receivable amounting to Rs 3,500 discounted with the Bank, later dishonored, but not recorded in the Cash Book due to lack of information.
(iii) Cheques deposited into the Bank but not realized Rs 15,000
(iv) Cheques amounting to Rs 2,500 issued but not debited by Bank.
(v) Total of Cash Book debit side Bank column was short by Rs 560.
(vi) Transferred Rs 4,000 from current Account of fixed Deposit Account was not recorded in the Cash Book
(vii) Our customer directly deposited Rs 4,500 in our Bank A/c

On 31^stDecember 2011 the pass book of Medha Traders showed a credit balance of Rs 10,000. On comparing the pass book with the cash book following difference were discovered.
(i) Cheques deposited with the Bank on 27^th December 2011, but collected by Bank on 5^th January, 2012 Rs 4,000.
(ii) Bank paid electricity charges Rs 180 directly not appeared in the cash book.
(ii) Cheque issued Rs 1,500 but not presented to the bank for payment.
(iv) Bank credited interest on fixed deposit Rs 250 and has charged Rs 50 for dishonour of the cheque. These transactions do not appear in the cash book.
(v) The debit column of bank in the cash book is under cast by Rs 100 Prepare bank Reconciliation statement.

Q. From the following particulars a Bank Reconciliation Statement for the year ending on 31^stMarch 2011

(i) Bank balance as per Cash Book Rs 8,600
(ii) Cheques of Rs 4,000 issued but not presented for payment
(iii) Bank debited bank charges Rs 200
(iv) Cheque of Rs 2,800 deposited into the Bank but not Credited by Bank
(v) Bank paid Insurance Premium on our behalf directly Rs 2,500 not recorded in the Cash Book.
(vi) Bank Credited interest on investment Rs 1,900 but not recorded in the Cash Book.

Overdraft shown by the pass book of Mr Murli is Rs. 20,000. Prepare bank reconciliation statement on dated December 31, 2010.

(i) Bank charges debited as per pass book, Rs. 500,

(ii) Cheques recorded in the cash book but not sent to the bank for collection, Rs. 2,500.

(iii) Received a payment directly from a customer, Rs. 4,600.

(iv) Cheque issued but not presented for payment, Rs. 6,980.

(v) Interest credited by the bank, Rs. 100.

(vi) LIC paid by the bank, Rs. 2,500.

(vii) Cheques deposited with the bank but not collected, Rs. 3,500.

Following are the entries recorded in the Cash Book (Book Column) of Deepali Traders for the month ended 31st March, 2011.

Cash Book (Bank Column Only)
Dr.			Cr.
Date	Receipts	Rs	Date	Payments	Rs
2011 Mar. 15 21 22 31	To Cash A/c To Razak’s A/c To Kavita’s A/c To Balance c/d	36,000 24,000 10,000 7,640	2011 Mar.1 4 6 15 20	By Balance b/d By Jonny’s A/c By Roma’s A/c By Ashish ‘s A/c By Patil’s A/c	40,000 2,000 400 240 35,000
		77,640			77,640

On 31^st March 2011, Deepali Trader’s received the Bank Statement, on comparing it with the Cash Book following information was available.
(i) Cheque of Rs 10,000 deposited into the Bank not Credited by Bank.
(ii) Bank charges debited by Bank not entered in the Cash Book Rs 340.
(iii) Interest on Ovendraft debited Rs 1,000 by Bank but not recorded in the Cash Book
(iv) Bank transferred and credited Rs 200 in the Pass Book, not recorded in the Cash Book
(v) Cheques issued but not presented to the Bank Rs 37,400
(vi) Interest on Securities Rs 1,080 and Dividend on shares Rs 1,000 collected and Credited by Bank, not entered in the Cash Book.

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Bank Reconciliation Statement as on January 31,2011
S. No.	Particulars	Amount (Rs)	Amount (Rs)
	Balance as per the Cash Book		5,000
	Add:
	Cheques issued but not presented for payment.	4,000
	Transferred Rs 2,000 from Fixed deposit account to current account.	2,000
	Dividend Collected by bank.	650	6,650
			11,650
	Less:
	Commission Debited in the pass book.	75
	Cheques Deposited into bank but not credited by the bank	4,500	4,575
	Balance as per Pass Book (Cr.)		7,075