Question

The passbook of Mr Randhir showed an overdraft balance of Rs. 40,950 on March 31, 2010.

Prepare bank reconciliation statement on March 31, 2010.

(i) Out of cheques amounting to Rs. 8,000 drawn by Mr Randhir on March 27 a cheque for Rs. 3,000 was encashed on April 3.

(ii) Credited by the bank with Rs. 3,800 for interest collected by them, but the amount is not entered in the cash book.

(iii) Rs. 10,900 paid in by Mr Randhir in cash and by cheques on March 31, cheques amounting to Rs. 3,800 were collected on April 7.

(iv) A cheque of Rs. 780 credited in the passbook on March 28 being dishonoured is debited again in the passbook on April 1, 2010. There was no entry in the cash book about the dishonour of the cheque until April 15.

Answer 1

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

$\begin{array}{ccccc}S.N.& Particulars& Amt.(+)& Amt.(-)& \\ & \text{Overdraft as per Pass Book}& & 40,950& \\ \text{(i)}& \text{Cheque issued but not presented for payment}& & 3,000& \\ \text{(ii)}& \text{Interest collected by bank not credited}& & 3,800& \\ \text{(iii)}& \text{Cheque paid but not presented for payment}& 3,800& & \\ \text{(iv)}& \text{A cheque deposited in bank being dishonoured}& 780& & \\ & \text{Overdraft as per Cash Book}& 43,170& & \\ & & \overline{\underset{–}{47,750}}& \overline{\underset{–}{47,750}}& \end{array}$