bank reconcilation statement
on examining the bank pass book of green ltd., it is found that the balance shown on 31st march, 2012, the close of the company's financial year, differs from the bank of rs. 23,650 shown by the cash book on that date. from a detailed comparison of the entries it found that:
1. rs. 2,860 is entered in the cash book as paid into bank on 31 march 2012, but not credit by the bank until the following day.
2. bank charges of rs. 70 on 31st march 2012 are not entered in the cash book.
3. a bill of rs. 5,500 discounted with the bank is entered in the cash book without recording the discount charge of rs.270.
4.cheques totalling rs. 16,720 were issued by the company and duly recorded in the cash book before 31st march ,2012, but had not been presented at the bank for payment until after that date.
5. on 25th march, 2012, a debtor paid rs. 1,000 into the company bank in settlement of his account , but no entry was made in the cash book of the company in repect of this.
6.no entry has been made in the cash book to record the dishonour on 15th march, 2012, of a cheque for rs. 550 recieved from ram babu.
Bank Reconciliation Statement of Green Ltd. as on March 31, 2012 | |||
S. No. | Particulars | + Items Rs | – Items Rs |
| Balance as per the Cash Book | 23,650 |
|
1. | Amount paid into bank but not recorded in the Pass Book |
| 2,860 |
2. | Bank charges was not recorded in the Cash Book |
| 70 |
3. | Discount charges of bill was not adjusted in the Cash Book |
| 270 |
4. | Cheques issued but not presented for payment | 16,720 |
|
5. | Amount directly deposited by customer into the bank | 1,000 |
|
6. | Babu’s cheque dishonored which was not recorded in the Cash Book |
| 550 |
|
|
|
|
| Balance as the Pass Book (Balancing Figure) |
| 37,620 |
|
| 41,370 | 41,370 |