Question

Tiwari and Sons find that the bank balance shown by their Cash Book on December 31, 2016 is ₹ 40,500 (Credit) but the Pass Book shows a difference due to the following reasons:
(i) A cheque for ₹ 5,000 drawn in favour of Manohar has not yet been presented for payment.
(ii) A post-dated cheque for ₹ 900 has been debited in the bank column of the Cash Book but it could not have been presented in any case.
(iii) Cheques totalling ₹ 10,200 deposited with the bank have not yet been collected and an another cheque for ₹ 4,000 deposited in the account has been dishonoured.
(iv) A Bill Payable for ₹ 10,000 was retired by the Bank under a rebate of ₹ 150 but the full amount of the bill was credited in the bank column of the cash book.
Prepare a Bank Reconciliation Statement and find out the balance as per Pass Book.

Answer 1

Bank Reconciliation Statement as on December 31, 2016
S. No.	Particulars	Plus Items (Rs)	Minus Items (Rs)
	Credit Balance (Overdraft) as per Cash Book		40,500
	Add: (i) Cheque issued but not presented for payment	5,000
	(iv) Rebate received not recorded in Cash Book	150
	Less: (ii) Post-dated cheque recorded as deposit in Cash Book		900
	(iii) Cheques deposited but not credited		10,200
	(iii) Cheque dishonoured and not recorded in Cash Book		4,000
	Debit Balance (Overdraft) as per Pass Book	50,450
		55,600	55,600