Question

The passbook of Mr Mohit current account showed a credit Balance of Rs. 20,000 dated December 31, 2005. Prepare a Bank Reconciliation statement with the following information.

(i) A cheque of Rs. 400 drawn on his saving account has been shown on current account.

(ii) He issued two cheques of Rs. 300 and Rs. 500 on of December 25, but only the 1st cheque was presented for payment.

(iii) One cheque issued by Mr Mohit of Rs. 500 on December 25, but it was not presented for payment whereas it was recorded twice in the cash book.

Answer 1

$\begin{array}{ccc}& \text{Bank Reconciliation Statement of Mr Mohit}& \\ & \text{as on December 31st, 2010 ......}& \end{array}$

$\begin{array}{cccc}S.N.& Particulars& Amt.(+)& Amt.(-)\\ & \text{Balance as per Pass Book}& 20,000& \\ \text{(i)}& \text{A Cheque drawn on saving account wrongly shown in}& & \\ & \text{current account}& 400& \\ \text{(ii)}& \text{Cheque issued but not presented for payment}& & 500\\ \text{(iii)}& \text{Cheque issued but not presented for payment and}& & \\ & \text{wrongly entered twice in cash book (500}\times 2)& & 1,000\\ & \text{Balance as per Pass book}& & 18,900\\ & & \overline{\underset{–}{20,400}}& \overline{\underset{–}{20,400}}\end{array}$