CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The Bank Column of Mukesh's Cash Book as on 31st March, 2018 showed an overdraft of Rs. 1,80,000. His Bank Statement Showed an overdraft of Rs. 1,13,900. Prepare Bank Reconciliation Statement taking the following into account:
(i) Cheque deposited into bank but entry is not passed in the Cash Book. Rs. 3000.
(ii) Cheque received and entered into the Cash Book but was not sent to bank. Rs. 10,000.
(iii) Credit side of the Bank column casted short by Rs. 1,000
(iv) Insurance premium paid directly by the bank under standing instructions was not recorded in the Cash Book. Rs. 5,000
(v) Bank charges entered in the Cash book twice. Rs. 100
(vi) Cheque 'received' returned on technical grounds but entry was not passed. Rs. 4,000
(vii) Cheque 'issued' returned on technical grounds but entry was not passed. Rs. 3,000
(viii) Bill discounted dishonoured. Rs. 40,000
(ix) Bills Recievable directly collected by the bank. Rs. 20,000
An amount of Rs. 1,00,000 being collection of Mahesh's cheque was wrongly credited to the account of Mukesh by the bank in his bank statement.

Open in App
Solution

Bank Reconciliation Statement as on 31st March, 2018
Particulars Amount
Details (Rs.)
Amount (Rs.)
Overdraft as per Cash Book (Cr.)
Add: Cheque received and recorded in the Cash Book but not sent to the bank
Credit side of the bank column casted short
Insurance premium paid directly by the bank
Cheque received returned by the bank
Bills discounted dishonoured
Less: Cheque deposited into the bank but no entry was passed in the cash book
Bank Charges entered twice in the Cash Book
Cheque 'issued' returned on technical grounds
Bills receivable directly collected by the bank
Wrong credit given to Mukesh by bank
Overdraft as per bank Statement (Dr.)

10,000
1,000
5,000
4,000
40,000
3,000
100
3,000
20,000
1,00,000
1,80,000

60,000
2,40,000

1,26,100
1,13,900

flag
Suggest Corrections
thumbs-up
0
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
SGST and CGST
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon