Question

Prepare bank reconciliation statement of Dinesh on 30th June 2014 with following particulars:
(i) Pass Book showed an overdraft of ₹ 15,000 on 30th June 2014.
(ii) A cheque of ₹ 200 was deposited in bank but not recorded in Cash Book.
(iii) Cheques of ₹ 17,000 were issued but cheques worth only ₹ 10,000 were presented for payment up to 30th June 2014.
(iv) Cheques of ₹ 2,000 were received and recorded in Cash Book but not sent to bank.
(v) Cheques of ₹ 10,000 were sent to bank for collection; out of these cheques of ₹ 2,000 and of ₹ 1,000 were credited respectively on 8th July and 10th July and the remaining cheques were credited before 30th June 2014.
(vi) Bank paid ₹ 300 fee of Chamber of Commerce on behalf of Dinesh, which was not recorded in Cash Book.
(vii) Bank charged interest on overdraft ₹ 800 which was not recorded in Cash Book.
(viii) ₹ 40 for bank charges were recorded two times in Cash Book and bank expenses of ₹ 35 were not at all recorded in Cash Book.
(ix) Total of credit side of bank column of Cash Book was undercast by ₹ 1,000 by mistake.

Answer 1

Bank Reconciliation Statement as on June 30, 2014
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Debit Balance (Overdraft) as per Pass Book		15,000
	Add: (iv) Cheque received recorded in Cash Book but not sent for collection	2,000
	(v) Cheque deposited but not collected (2,000 + 1,000)	3,000
	(vi) Chamber Fees paid by bank	300
	(vii) Interest on overdraft charged	800
	(viii) Bank charges not recorded in Cash Book	35
	(ix) Payment side of Cash Book undercasted	1,000
	Less: (ii) Cheque deposited but not recorded in Cash Book		200
	(iii) Cheque issued but not presented (17,000 – 10,000)		7,000
	(viii) Bank charges recorded twice in Cash Book		40
	Credit Balance (Overdraft) as per Cash Book	15,105
		22,240	22,240