On 31st Dec., 2012, my pass book showed an overdraft of Rs 12500. On scrutiny the following were noticed:

(a) Cheques amounting to Rs 2100 were paid into the bank on 29th Dec, of which only Rs 175 was credited by the bank in the pass book.

(b) Cheques for Rs 4000 were issued by me, of which only one cheque for Rs 600 was presented for payment.

(c) There is a debit of Rs 150 for interest and Rs 50 for bank charges in the pass book, which have not been entered in my books.

(d) Rs 250 debited to bank in my books has been omitted to be banked.

Prepare a bank reconciliation statement to show the balance as per my books.

The answer given in the book is: Overdraft as per cash book Rs 13525

Bank Reconciliation Statement

as on December 31, 2012

Particulars

Amount

(Rs)

Amount

(Rs)

Debit(Overdraft) balance as per the Pass Book

 

12,500

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

 

 

(b) Cheque of Rs 4,000 were issued, out of which one cheque of Rs 600 was presented for the payment

3,400

3,400

 

 

 

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

 

 

(a) Cheque amounting Rs 2,100 paid into bank, out of this only Rs 175 was credited by the bank

1,925

 

(c) Bank Interest of Rs 150 and Bank Charges of Rs 50 were debited in the Pass Book but not recorded in the Cash Book

200

 

(d) Rs 250 debited to bank in the Cash Book but omitted to be banked

250

2,375

Closing Balance of Cash Book (Cr)

 

13,525

 

 

 

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