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Question

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.

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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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