Question

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.

Answer 1

Bank Reconciliation Statement of Raghav & Co
as on 31st December, 2010

S.N	Particulars	Amt.(+)	Amt.(-)
i ii iii iv v	Overdraft as per pass book Cheques paid into bank prior to Dec 31, 2010 Cheque issued but not presented for payment Bank charges debited by bak Interest debited by bank not entered in Cash Book Overdraft as per Cash Book	10,000 200 580 23,639 34,419	18,990 8,000 7,429 34,419