Question

Prepare Bank Reconciliation Statement from the following particulars as on 31st March, 2018.
Bank Statement showed favourable balance of Rs. 9,214.
(i) On 29th March, 2018 bank credited a sum of Rs. 1,650 in error.
(ii) Certain cheques valued at Rs. 4,500 issued before 29th March, 2018 were not cleared.
(iii) A hire purchase payment of Rs. 950, made by standing order was not entered in the cash book.
(iv) A cheque of Rs. 600 received, deposited and credited by bank, was accounted as a receipt in the cash column of the cash book.
(v) Other cheques for Rs. 8,500 were deposited in the last week of March but cheques of Rs. 6,000 only were collected by the bank.

Answer 1

Bank Reconciliation Statement as on 31st March, 2018 :-

Particulars	Amount Details (Rs.)	Amount (Rs.)
Balance as per Bank Statement (Cr.) Add: Hire purchase payment as per Standing Instructions not entered in Cash Book. Cheques deposited but not cleared. Less: Amount wrongly credited by bank. Cheque deposited but wrongly debited in Cash column of cash book. Cheques issued but not presented for payment Balance as per cash book	950 2,500 1,650 600 4,500	9,214 3,450 $12,664$ 6,750 $5,914$