On
December 31, 2005, the cash book of Mittal Bros. Showed an overdraft of Rs
6,920. From the following particulars prepare a Bank Reconciliation Statement
and ascertain the balance as per passbook.
(1)
Debited
by bank for Rs 200 on account of Interest on overdraft and Rs 50 on account
of charges for collecting bills.
(2)
Cheques
drawn but not encashed before December, 31 2005 for Rs 4,000.
(3)
The
bank has collected interest and has credited Rs 600 in passbook.
(4)
A
bill receivable for Rs 700 previously discounted with the bank had been
dishonoured and debited in the passbook.
(5)
Cheques
paid into bank but not collected and credited before December 31, 2005 amounted
Rs 6,000.
On December 31, 2005, the cash book of Mittal Bros. Showed an overdraft of Rs 6,920. From the following particulars prepare a Bank Reconciliation Statement and ascertain the balance as per passbook.
|
(1) |
Debited by bank for Rs 200 on account of Interest on overdraft and Rs 50 on account of charges for collecting bills. |
|
(2) |
Cheques drawn but not encashed before December, 31 2005 for Rs 4,000. |
|
(3) |
The bank has collected interest and has credited Rs 600 in passbook. |
|
(4) |
A bill receivable for Rs 700 previously discounted with the bank had been dishonoured and debited in the passbook. |
|
(5) |
Cheques paid into bank but not collected and credited before December 31, 2005 amounted Rs 6,000. |
|
Bank Reconciliation Statement of Mittal Bros. as on December 31, 2005 |
|||
|
S. No. |
Particulars |
(+) Amount Rs |
(–) Amount Rs |
|
|
Overdraft as per the Cash Book |
|
6,920 |
|
1 |
Bank debited interest on overdraft |
|
200 |
|
|
Bank debited charges for collecting bills |
|
50 |
|
2 |
Cheque issued but not presented for payment |
4,000 |
|
|
3 |
Bank collected interest |
600 |
|
|
4 |
Bill Receivable dishonoured |
|
700 |
|
5 |
Cheque deposited but not cleared in December |
|
6,000 |
|
|
Overdraft as per the Pass Book |
9,270 |
|
|
|
13,870 |
13,870 |
|
|
|
|
|
|