Tiwari & Sons find that the bank balance shown by their Cash Book on 31st March, 2019 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 a cheque for ₹ 4,000 has been dishonoured.
(iv) A bill 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 Bank Reconciliation Statement and find out the balance as per Pass Book.

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Solution

Bank Reconciliation Statement

as on March 31, 2019

S. No.

Particulars

Plus Items

(₹)

Minus Items

(₹)

Overdraft as per the Cash Book

40,500

(i)

Cheque issued but not presented for payment

5,000

(ii)

Post-dated Cheque entered in the Cash Book but not deposited in the bank

900

(iii)

Cheques deposited into bank but not collected

10,200

Cheque dishonoured

4,000

(iv)

Rebate on retiring of bill not entered in the Cash Book

150

Overdraft as per the Pass Book

50,450

55,600

55,600

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Similar questions

Q. Tiwari and Sons find that that the bank balance shown by their Cash Book on 31st March, 2018 is ₹ 40,500 (credit) but the Pass Book shows a difference due to the following reasons:
(i) A cheque for ₹ 5,000 drawn in favor 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 a cheque for ₹ 4,000 has been dishonoured.
(iv) A bill 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 Bank Reconcilation Statement and find out the balance as per Pass Book.

Q. 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.

Q. Prepare Bank Reconciliation Statement from the following:
On 31st March, 2018, a merchant's Cash Book showed a credit bank balance of ₹ 10,500 but due to the following reasons the Pass Book showed a difference.
(i) A cheque of ₹ 540 issued to Mohan has not been presented for payment.
(ii) A post-dated cheque for ₹ 100 has been debited in the bank column of the Cash Book but under no circumstances was it possible to prove it.
(iii) Four cheque for ₹ 1,200 sent to the bank have not been collected so far. A cheque of ₹ 400 deposited in the bank has been dishonoured.
(iv) As per instructions, the bank paid ₹ 50 as Fire Insurance premium but the entry has not been made in the Cash Book.
(v) There was a debit in the Pass Book of ₹ 15 in respect of bank charges and a credit of ₹ 25 for interest on Current Account but no record exists in the Cash Book.
(vi) Cheque of ₹ 5,000 dated 15th April, 2018 issued to M & Co. was dishonoured being post dated. It was also not recorded in the books of account yet.

Q. From the following particulars, prepare Bank Reconciliation Statement as on 31st December, 2008:
(i) Debit balance as per Cash Book ₹ 10,000.
(ii) A cheque for ₹ 500 issued in favour of Karan has not been presented for payment.
(iii) A bill for ₹ 700 retired by bank under a rebate of ₹ 20, the full amount of the bill was credited in the Cash Book.
(iv) A cheque for ₹ 295 deposited in the bank has been dishonoured.
(v) A sum of ₹ 800 deposited in the bank has been credited as ₹ 80 in the Pass Book.
(vi) Payments side of the Cash Book has been undercast by ₹ 200.
(vii) A bill receivable for ₹ 1,000 (discounted with the bank in November 2008) dishonoured on 31st December, 2008.

Kumar finds that the bank balance shown by his cash book on December 31, 2010, is Rs. 90,600 (Credit) but the pass book shows a difference due to the following reason

A cheque (post dated) for Rs. 1,000 has been debited in the bank column of the cash book but not presented for payment. Also, a cheque for Rs. 8,000 drawn in favour of Manohar has not yet been presented for payment. Cheques totalling Rs. 1,500 deposited in the bank have not yet been collected and a cheque for Rs. 5,000 has been dishonoured.

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Bank Reconciliation Statement as on March 31, 2019
S. No.	Particulars	Plus Items (₹)	Minus Items (₹)
	Overdraft as per the Cash Book		40,500
(i)	Cheque issued but not presented for payment	5,000
(ii)	Post-dated Cheque entered in the Cash Book but not deposited in the bank		900
(iii)	Cheques deposited into bank but not collected		10,200
	Cheque dishonoured		4,000
(iv)	Rebate on retiring of bill not entered in the Cash Book	150
	Overdraft as per the Pass Book	50,450
		55,600	55,600