Experts answer this Prepare a Bank Reconclll
[Ans. Credit Balance as per Pass Book 1.540.1
Q. 9. On 31st December, 2014 the Cash Book of Basu showed an overdraft
d not agree with balance as shout) h
e 18.000 with the Bank of India. The balance di
the Bank Pass Book and you find that Basu had paid into the Bank on 26th 1)
four cheques for e10,ooo; e12,OOO; e6,ooo and t8,ooo. Of these the cheque
eo.000 vvas credited by the bank in January, 2015. Basu had issued on 24th
three cheques for e 15,000, e 12,000, and e 7,000. The first two cheques were presented
to the bank for payment in December and the third in January, 2015.
You also find that on 31st December, 2014, the bank had debited Basu's Accoum
for ?500 for interest and e 20 for charges but Basu has not recorded these amounts tn
You are required to prepare a Bank Reconciliation Statement as on 31st
)ecember, 2014 and ascertain the balance as per bank Pass Book.
[Ans. Overdraft as per Pass Book 17,520.J
