Question

Prepare bank reconciliation statement.

(i) Overdraft is shown as per cash book on December 31, 2010, Rs. 10,000.

(ii) Bank charges for the above period also debited in the passbook, Rs. 100.

(iii) Interest on overdraft for six months ending December 31, 2010, Rs. 380 debited in the passbook.

(iv) Cheques issued but not encashed prior to December 31, 2010, amounted to Rs. 2,150.

(v) Interest on Investment collected by the bank and credited in the passbook, Rs. 600.

(vi) Cheques paid into the bank but not cleared before December 31, 2010, were Rs. 1,100.

Answer 1

$\begin{array}{ccc}& \text{Bank Reconciliation Statement}& \\ & \text{as on 31st December, 2010}& \end{array}$

$\begin{array}{cccc}S.N.& Particulars& Amt.(+)& Amt.(-)\\ & \text{Overdraft as per Cash Book}& & 10,000\\ \text{(i)}& \text{Bank charges debited in pass book}& & 100\\ \text{(ii)}& \text{Interest on overdraft for six months}& & 380\\ \text{(iii)}& \text{Cheque issued but not presented for payment}& 2,150& \\ \text{(iv)}& \text{Interest on investment credited by bank}& 600& \\ \text{(v)}& \text{Cheque paid into bank for collection but not collected}& & 1,100\\ & \text{Overdraft as per Pass Book}& 8,830& \\ & & \overline{\underset{–}{11,580}}& \overline{\underset{–}{11,580}}\end{array}$