Question

Prepare Bank Reconciliation Statement as on 31st March, 2018 from the following particulars:
(i) R's overdraft as per Pass Book ₹ 12,000 as on 31st March.
(ii) On 30th March, cheques had been issued for ₹ 70,000 of which cheques amounting to ₹ 3,000 only had been encashed up to 31st March.
(iii) Cheques amounting to ₹ 3,500 had been paid into the bank for collection but of these only ₹ 500 had been credited in the Pass Book.
(iv) Bank has charged ₹ 500 as interest on overdraft and the intimation of which has been received on 2nd April, 2018.
(v) Bank Pass Book shows credit for ₹ 1,000 representing ₹ 400 paid by debtor of R direct into the bank and ₹ 600 collected directly by the bank in respect of interest on R's investment. R had no knowledge of these items.
(vi) A cheque for ₹ 200 has been debited in the bank column of Cash Book by R but it was not sent to the bank at all.

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		12,000
(ii)	Cheques issued but not presented for payment		67,000
(iii)	Cheques deposited but not collected	3,000
(iv)	Bank Charged Interest on Overdraft	500
(v)	Amount directly paid by a debtor		400
	Interest received on Investment		600
(vi)	A Cheque entered in the Cash book but not sent to bank for collection	200
	Overdraft as per the Cash Book	76,300
		80,000	80,000