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                                                                                      please answer the (c) and( f_)part of this question. with proper detailed explanation    
2 what is the meaning of the term retired from the bank in c part ?
 
                                                                                      please answer the (c) and( f_)part of this question. with proper detailed explanation     2 what is the meaning of the term retired from the bank in c part ?   15.10 ILL USTRA TION 4. BANK RECONCILIA TION STA TEMENT From the following particulars, prepare Bank Reconciliation Statement as on Dec. 31, 2014. (a) (b) (c) (d) (e) (f) (g) Debit balance as per Cash Book 10,000. A cheque for e 500 issued in favour of Karan has not been presented for payment. A bill for ÜOO retired by bank on our behalf under a rebate of 00, the full amount of the bill was credited in Cash Book. A cheque for e 295 deposited in bank has been dishonoured. A sum of 000 deposited in the bank has been credited as 00 in the Pass Book. Payment side of Cash Book has been undercast by < 200. A bill receivable for 0,000 (discounted with the bank in Nov. 2014) dishonoured on 31 st Dec. 2014, but the dishonour was not recorded in the Cash Book.

Dear Student


(c) part means We had to pay a bill i.e in our books Bills Payable was present and its due date was later on but Bank has paid (retired) the bill on our behalf, Bill was of Rs 700, but due to early payment Rs, 680/- was paid by the bank i.e Rs 20 rebate received.
Now since whole Rs 700 is credited in cash book, therefore in BRS Rs 20 shall be posted in Debit side (Plus item).

(f) Payment side of Cashbook has been undercast means, The actual total of the Credit side of cash book is Rs 200 more then what was calculated or counted, therefore now at the time of preparing BRS Rs 200 shall be posted in Credit side (Minus item) of BRS.


Hope this helps
Regards

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