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The following particulars relate to the business of Varun on 31st March 2016 

  Amt (Rs.)(i)Cheques issued but not presented for payment     34,500(ii)Cheques paid into the bank but not yet collected      7,500(iii)Interest credited by the bank but not entered in the cash book      1,650(iv)Bank charges debited in the pass book but not entered in the cash book         105(v)Credit balance as shown by the pass book  1,06,590(vi)Debit balance as shown by the cash book     78,045
 

Prepare (a) Statement reconciling the bank balance as per cash book with that shown by the bank as on 31st March, 2016. (b) Statement reconciling the bank balance as per pass book with dept shown by the cash book as on 31st March, 2016.


Solution

                                           Bank Reconciliation Statement
                                                  as on 31st March. 2016 

(a)

 ParticularsPlus (Rs.)Minus (Rs.) Debit/Favourable Balance as per Cash Book  78,045AddCheques issued but not presented for payment  34,500 Interest credited in the pass book   1,650LessCheques paid to the bank but not yet cleared    7,500 Bank charges debited in pass book     105 Credit/Favourable Balance as per pass Book 1,06,590  ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,14,195––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,14,195––––––––
 

(b)

                                    Bank Reconciliation Statement
                                          as on 31st March. 2016
 ParticularsPlus (Rs.)Minus (Rs.)  Credit/Favourable Balance as per Pass Book 1,06,590 AddCheques paid to the bank but not yet cleared    7,500  Bank charges debited in the pass book      105LessCheques issued but not presented for payment    34,500  Interest credited in the pass book     1,650 Debit/Favourable Balance as per Cash Book    78,045  ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,14,195––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,14,195––––––––


 

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