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 March 31, 2017 according to the cash book of the firm.

(i)

Cheques paid into bank prior to March 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 March 31, 2017 but entered in the cash book after that date for Rs 8,000.

(iii)

Cheques issued prior to March 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.

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Solution

Bank Reconciliation Statement of Mr. Raghav and Co. Account No. I
as on March 31, 2017

S. No.

Particulars

(+)

Amount

Rs

(–)

Amount

Rs

Overdraft as per the Pass Book

18,990

(i)

Cheque deposited but not cleared prior to 31 Dec. 2013

10,000

(ii)

Amount transferred Account II to Account I recorded in the Pass Book

but not entered in the Cash Book

8,000

(iii)

Cheque issued but not presented for payment

7,429

(iv)

Bank debited charges

200

(v)

Interest on overdraft not credited in the Cash Book

580

Overdraft as per the 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.

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. 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.

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. 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)	Cheques paid into bank prior to March 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 March 31, 2017 but entered in the cash book after that date for Rs 8,000.
(iii)	Cheques issued prior to March 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.

Bank Reconciliation Statement of Mr. Raghav and Co. Account No. I as on March 31, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Overdraft as per the Pass Book		18,990
(i)	Cheque deposited but not cleared prior to 31 Dec. 2013	10,000
(ii)	Amount transferred Account II to Account I recorded in the Pass Book but not entered in the Cash Book		8,000
(iii)	Cheque issued but not presented for payment		7,429
(iv)	Bank debited charges	200
(v)	Interest on overdraft not credited in the Cash Book	580

	Overdraft as per the Cash Book	23,639
		34,419	34,419