Question

Prepare Bank Reconciliation Statement on the basis of following information:

$\begin{array}{ccc}& & Rs\\ \left(i\right)& \text{Debit balance as per bank column of the Cash Book}& 3,72,000\\ \left(ii\right)& \text{Cheques issued to creditors, but not yet presented to the bank for payment}& 72,000\\ \left(iii\right)& \text{Dividend received by the Bank, but not entered in the Cash Book}& 5,000\\ \left(iv\right)& \text{Interest allowed by the Bank}& 1,250\\ \left(v\right)& \text{Cheques deposited into Bank for collection, but not collected by Bank}& 15,400\\ \left(vi\right)& \text{Bank charges}& 200\\ \left(vii\right)& \text{A Cheque deposited into Bank was dishonoured but no intimation received}& 320\\ \left(viii\right)& \text{Bank paid House Tax on our behalf, but no information received from Bank}& 350\end{array}$

Answer 1

Bank Reconciliation Statement

$\begin{array}{cccc}\text{S. No.}& \text{Particulars}& \text{Plus Items}& \text{Minus Items}\\ & & \left({+}^{\prime }\right)& \left({-}^{\prime }\right)\\ \left(i\right)& \text{Debit balance as per column of the Cash Book}& 3,72,000& \\ \left(ii\right)& \text{Cheques issued but not yet presented for payment}& 72,000& \\ \left(iii\right)& \text{Dividend received not entered in the Cash Book}& 5,000& \\ \left(iv\right)& \text{Interest allowed by the Bank}& 1,250& \\ \left(v\right)& \text{Cheques deposited for collection, but not collected}& & 15,400\\ \left(vi\right)& \text{Bank charges}& & 200\\ \left(vii\right)& \text{Cheque dishonoured but no intimation received}& & 320\\ \left(viii\right)& \text{Bank paid House Tax}& & 350\\ & \text{Credit balance as per bank Pass Book}& \underset{–}{}& \underset{–}{4,33,980}\\ & & 4,50,250& 4,50,250\end{array}$