Question

Rim Zim Ltd. maintains a current account with the State Bank of India. On 31st March, 2017, the bank column of its cash book showed a debit balance of ₹ 1,54,300. However, the bank statement showed a different balance as on that date. The following were the reasons for the difference :

		₹
(i)	Cheques deposited, but not yet credited by the bank	75,450
(ii)	Cheques issued, but not yet presented for payment	80,760
(iii)	Bank charges not yet recorded in the cash book	1,135
(iv)	Cheques received by the bank directly from trade debtors	1,35,200
(v)	Insurance premium paid by the bank as per standing instructions, but not yet recorded in the cash book	15,400
(vi)	Dividend collected by the bank, but not yet recorded in the cash book	1,000

Find out the balance as per the bank statement as on 31st March, 2017.

Answer 1

Bank Reconciliation Statement as on March 31, 2017
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Debit Balance as per Cash Book	1,54,300
	Add: (ii) Cheques issued but not presented	80,760
	(iv) Cheques received by bank directly from Trade Debtors	1,35,200
	(vi) Dividend collected not recorded in Cash Book	1,000
	Less: (i) Cheques deposited but not credited by the bank		75,450
	(iii) Bank charges not recorded in the Cash Book		1,135
	(v) Insurance premium paid as per standing instructions		15,400
	Credit Balance as per Pass Book		2,79,275
		3,71,260	3,71,260