Raghav & Co. have two bank accounts, Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account on December 31, 2016 according to the Cash Book of the firm.
(i) Cheques paid into bank prior to December 31, 2016, but not credited until after that date for ₹ 10,000.
(ii) Transfer of funds from Account No. II to Account No. I recorded by the bank on December 31, 2016 but entered in the Cash Book after that date for ₹ 8,000.
(iii) Cheques issued prior to December, 31 2016 but not presented until after that date for ₹ 7,429.
(iv) Bank charges debited by bank not entered in the Cash Book for ₹ 200.
(v) Interest debited by the bank not entered in the Cash Book ₹ 580.
(vi) Overdraft as per Pass Book ₹ 18,990.

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Solution

Bank Reconciliation Statement
as on December 31, 2016

S. No. Particulars Plus Items (Rs) Minus Items (Rs)

Debit Balance (Overdraft) as per Pass Book (Account No. I) 18,990

Add: (i) Cheque deposited but not credited
10,000

(iv) Bank charges
200

(v) Interest on overdraft charged
580

Less: (ii) Transfer of funds from Account No. II to Account

No. I, not recorded in Cash Book
8,000

(iii) Cheque issued but not presented for payment
7,429

Credit Balance (Overdraft) as per Cash Book 23,639

34,419 34,419

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Similar questions

Raghav & Co have two bank accounts, Account No I and Account No II. From the following particulars relating to Account No I, find out the balance on that account of December 31, 2010 according to the cash book of the firm.

(i) Cheques paid into bank prior to December 31, 2010. but not credited for Rs. 10,000.

(ii) Transfer of funds from Account No II to Account No I recorded by the bank, on December 31, 2010 but entered in the cash book after that date for Rs. 8,000.

(iii) Cheques issued prior to December 31, 2010 but not presented until after that date for Rs. 7,429.

(iv) Bank charges debited by bank not entered in the cash book for Rs. 200.

(v) Interest debited by the bank not entered in the cash book, Rs. 580.

(vi) Overdraft as per pass book, Rs. 18,990.

Raghav & Co. have two bank accounts. Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account of December 31, 2017 according to the cash book of the firm.

(i)	Cheques paid into bank prior to December 31, 2017, but not credited for Rs 10,000.
(ii)	Transfer of funds from account No. II to account no. I recorded by the bank on December 31, 2017 but entered in the cash book after that date for Rs 8,000.
(iii)	Cheques issued prior to December 31, 2017 but not presented until after that date for Rs 7,429.
(iv)	Bank charges debited by bank not entered in the cash book for Rs 200.
(v)	Interest Debited by the bank not entered in the cash book Rs 580.
(vi)	Overdraft as per Passbook Rs 18,990.

Q. Raghav & Co have two bank accounts,Account No.I and Account No.II. From the following particulars relating to Account No.I, find out the balance on that account of December 31, 2010 according to the cash book of the firm.
i) Cheques paid into bank prior to December 31, 2010, but not credited for Rs. 10,000.
ii) Transfer of funds from Account No II to Account No I recorded by the bank, on December 31, 2010 but entered in the cash book after hat date for Rs.8,000.
iii) Cheques issued prior to December 31, 2010 but not presented until after that date for Rs. 7,429
iv) Bank charges debited by bank not entered in the cash book for Rs. 200.
v) Interest debited by the bank not entered in the cash book, Rs. 580.
vi) Overdraft as per pass book,Rs.18,990.

Q. Mohan & Co., have two bank accounts–Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account as on 31st March, 2018 according to the Cash Book (Bank Column) of the firm:

		₹
(i)	Overdraft as per Pass Book.	14,724
(ii)	Cheques issued prior to 31st March, 2018 but not presented till 31st March	6,429
(iii)	Cheques paid into the bank prior to 31st March, 2018 but not credited till 31st March.	9,751
(iv)	Interest debited by the bank but not entered in the Cash Book.	607
(v)	Bank charges debited by the bank but not entered in the Cash Book.	140
(vi)	Transfer of funds from Account No. II to Account No. I recorded by the bank on 31st March, 2018 but entered in the Cash Book on 2nd April, 2018.	5,000

Q. From the following particulars make out the Bank Reconciliation Statement as on 31st December 2016.
(a) Pass book showed a credit balance of ₹ 15,000 on 31st December 2016.
(b) Cheques of ₹ 17,500 were issued but cheques of ₹ 12,000 only presented for payment till 31st December.
(c) Cheques of ₹ 10,000 were sent to the bank for Collection. Out of which cheques of ₹ 2,000 were credited in the month of January 2017.
(d) Bank paid ₹ 300 as per standing instructions but no record made in the cash book.
(e) Bank charged interest on overdraft ₹ 800 and it was entered twice in pass book by bank.
(f) ₹ 40 as bank charges not recorded in the cash book.
(g) Bank receives ₹ 200 as interest on debentures, but no information being sent to the customer.

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Bank Reconciliation Statement as on December 31, 2016
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Debit Balance (Overdraft) as per Pass Book (Account No. I)		18,990
	Add: (i) Cheque deposited but not credited	10,000
	(iv) Bank charges	200
	(v) Interest on overdraft charged	580

	Less: (ii) Transfer of funds from Account No. II to Account No. I, not recorded in Cash Book		8,000
	(iii) Cheque issued but not presented for payment		7,429
	Credit Balance (Overdraft) as per Cash Book	23,639
		34,419	34,419