Prepare bank reconciliation statement of Shri Bhandari as on March 31, 2017

(i)

The Payment of a cheque for Rs 550 was recorded twice in the passbook.

(ii)

Withdrawal column of the passbook under cast by Rs 200

(iii)

A Cheque of Rs 200 has been debited in the bank column of the Cash Book but it was not sent to bank at all.

(iv)

A Cheque of Rs 300 debited to Bank column of the cash book was not sent to the bank.

(v)

Rs 500 in respect of dishonoured cheque were entered in the passbook but not in the cash book. Overdraft as per passbook is Rs 20,000.

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Solution

Bank Reconciliation Statement of Shri Bhandari as on March 31, 2017

S. No.

Particulars

(+)

Amount

Rs

(–)

Amount

Rs

Overdraft as per the Pass Book

20,000

(i)

Payment of cheque twice debited in the Pass Book

550

(ii)

Withdrawal column of the Pass Book undercast

200

(iii)

Cheque debited in the Cash Book but not deposited in the bank

200

(iv)

Cheque added in the Cash Book but not deposited in the bank

300

(v)

Cheque dishonoured

500

Overdraft as per the Cash Book

18,650

20,200

20,200

Note:

(1) The answer given in the book is Rs 21,350; however, it should be Rs 18,650.

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Similar questions

Prepare bank reconciliation statement of Shri Bhandari as on December 31, 2010

(i) The Payment of a cheque for Rs. 550 was recorded twice in the passbook.

(ii) Withdrawal column of the passbook undercast by Rs. 200.

(iii) A cheque of Rs. 200 has been debited in the bank column of the cash book but it was not sent to the bank at all.

(iv) A cheque of Rs. 300 debited to bank column of the cash book was not sent to the bank.

(v) Rs. 500 in respect of dishonoured cheque were entered in the pass book but not in the cash book.

Overdraft as per pass book is Rs. 20,000.

Q. Prepare bank reconciliation statement of Shri Bhandari as on December 31, 2010
i) The payment of a cheque for Rs.550 was recorded twice in the pass book.
ii) Withdrawal column of the pass book under cast by Rs.200.
iii) A Cheque of Rs.200 has been debited in the bank column of the cash book but it was not sent to bank at all.
iv) A cheque of Rs.300 debited to bank column of the pass book was not sent to the bank.
v) Rs. 500 in respect of dishonored cheque were entered in the pass book but not in the cash book.
Overdraft as per pass book is Rs. 20,000.

On 31st January 2016, the passbook of Shri ML Gupta shows a debit balance of Rs. 41,000. Prepare a bank reconciliation statement from the following particulars

(i) Cheques amounting to Rs. 15,600 were drawn on 27th January 2016. Out of which cheques id Rs. 11,000 were encashed up to 31st January 2016.

(ii) A wrong debit of Rs. 800 has been given by the bank in the passbook.

(iii) A cheque for Rs. 200 was credited in the passbook but was not recorded in the cash book.

(iv) Cheques amounting to Rs. 21,000 were deposited for collection. But out of these, cheques for Rs. 7,400 have been credited in the passbook on 5th February. 2016.

(v) A cheque for Rs. 1,000 was returned dishonoured by the bank and was debited in the passbook only.

(vi) Interest on overdraft and bank charges amounted to Rs. 100 were not entered in the cash book.

(vii) A cheque of Rs. 500 debited in the cash book was omitted to be banked.

Q. Overdraft shown by the passbook of Mr. Murli is Rs 20,000. Prepare bank reconciliation statement on dated March 31, 2017.

(i)	Bank charges debited as per passbook Rs 500.
(ii)	Cheques recorded in the cash book but not sent to the bank for collection Rs 2,500.
(iii)	Received a payment directly from customer Rs 4,600.
(iv)	Cheque issued but not presented for payment Rs 6,980.
(v)	Interest credited by the bank Rs 100.
(vi)	LIC paid by bank Rs 2,500.
(vii)	Cheques deposited with the bank but not collected Rs 3,500.

Q. Prepare a bank reconciliation statement from the following particulars and show the balance as per cash book.

(i)	Balance as per passbook on March 31, 2017 overdrawn Rs 20,000.
(ii)	Interest on bank overdraft not entered in the cash book Rs 2,000.
(iii)	Rs 200 insurance premium paid by bank has not been entered in the cash book.
(iv)	Cheques drawn in the last week of March, 2017, but not cleared till date for Rs 3,000 and Rs 3,500.
(v)	Cheques deposited into bank on February 2017, but yet to be credited on dated March 31, 2017 Rs 6,000.
(vii)	Wrongly debited by bank Rs 500.

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(i)	The Payment of a cheque for Rs 550 was recorded twice in the passbook.
(ii)	Withdrawal column of the passbook under cast by Rs 200
(iii)	A Cheque of Rs 200 has been debited in the bank column of the Cash Book but it was not sent to bank at all.
(iv)	A Cheque of Rs 300 debited to Bank column of the cash book was not sent to the bank.
(v)	Rs 500 in respect of dishonoured cheque were entered in the passbook but not in the cash book. Overdraft as per passbook is Rs 20,000.

Bank Reconciliation Statement of Shri Bhandari as on March 31, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Overdraft as per the Pass Book		20,000
(i)	Payment of cheque twice debited in the Pass Book	550
(ii)	Withdrawal column of the Pass Book undercast		200
(iii)	Cheque debited in the Cash Book but not deposited in the bank	200
(iv)	Cheque added in the Cash Book but not deposited in the bank	300
(v)	Cheque dishonoured	500

	Overdraft as per the Cash Book	18,650

		20,200	20,200