Question

Prepare Bank Reconciliation Statement as on 31st January, 2017, if Cash Book of Mr. Sanjay showed a credit balance of ₹ 20,100.
(i) The bank had paid fire insurance premium of ₹ 550 which does not appear in the Cash Book.
(ii) Cheques for ₹ 25,000 issued during January, but cheques for only ₹ 18,500 were presented for payment.
(iii) Interest collected by bank ₹ 740.
(iv) Cheques of ₹ 8,700 were deposited into bank, but cheques for ₹ 7,000 were cleared till 31st January, 2017.
(v) A customer deposited ₹ 620 directly into bank without informing Mr. Sanjay.

Answer 1

Bank Reconciliation Statement as on 31st January,2017
S. No.	Particulars	Plus Items (₹)	Minus Items (₹)
	Overdraft as per the Cash Book (Cr.)		20,100
(i)	Fire insurance not debited		550
(ii)	Cheques not presented for payment	6,500
(iii)	Interest collected by bank not recorded	740
(iv)	Cheques not cleared by bank		1,700
(v)	Deposited directly into bank	620
	TOTAL	7,860	22,350
	Balance as per Pass Book (Dr.)	14,490