From the following particulars ascertain the balance that would appear in the bank pass book of Mohan as on 31st Dec., 2012:

(a) The bank overdraft as per cash book on 31st Dec., 2012 was Rs 6340.

(b) Interest on overdraft for 6 months ending 31st Dec., 2012 , Rs 160 is entered in the pass book.

(c) Bank charges of Rs 30 for the above period are debited in the pass book.

(d) Cheques issued but not cashed prior to 31st Dec, 2012 amounted to Rs 1168

(e) Cheques paid into bank but not cleared before 31st Dec., 2012, were for Rs 2170

(f) Interest on investment collected by the bank and credited in the pass book , Rs 1200

The answer given in the book is: Overdraft as per pass book= Rs 6332

Bank Reconciliation Statement

as on December 31, 2012

Particulars

Amount

(Rs)

Amount

(Rs)

Bank Balance as per Cash Book (Cr)

 

6,340

Add: Transaction increasing balances of Given Book (i.e. Cash Book)

 

 

(b) Interest on bank overdraft for 6 months entered in the pass book

160

 

(c) Bank Charges debited in the pass book

30

 

(e) Cheque paid but not cleared till Dec.31, 2012

2,170

2,360

 

 

 

Less: Transactions reducing Balances of Given Book (i.e. Cash Book)

 

 

(d) Cheque issue but not encashed till Dec.31, 2012

1,168

 

(f) Interest on Investment credited by the bank but not recorded in the Cash Book

1,200

2,368

Closing Balance of Pass Book (Dr)

 

6,332

 

 

 

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