Prepare a bank reconciliation statement from the following particulars:

Bank Overdraft as per cash book Rs 8000

Cheques deposited in bank but no entry was passed in the cash book Rs 300

Cheque received but not sent to bank Rs 1000

Credit side of bank column cash short Rs 100

Insurance premium paid directly by bank as per standing advice Rs 500

Bank charges entered in cash book twice Rs 10

Cheques returned back but no entry passed Rs 400

Cheques’ issued’ returned back on account of technical grounds Rs 300

Bills directly collected by bank Rs 2000

Bank charges debited by bank Rs 12

Cheques received entered twice Rs 500

Bills discounted dishonoured Rs 4000

State which items will require adjustment in the books of accounts.

Bank Reconciliation Statement

as on …..

Particulars

Amount

(Rs)

Amount

(Rs)

Credit(or Overdraft) balance as per the Cash Book

 

8,000

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

 

 

(2) Cheque received but not sent to bank

1,000

 

(3) Credit side of Bank Column cash short

100

 

(4) Insurance Premium paid directly by bank as per standard advice

500

 

(6) Cheque returned back but no entry passed

400

 

(9) Bank Charged debited by the bank

12

 

(10) Cheque received entered twice

500

 

(11) Bill discounted dishonoured

4,000

6,512

 

 

 

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

 

 

(1) Cheque deposited but not recorded in the Cash Book

300

 

(5) Bank Charges entered in the Cash Book twice

10

 

(7) Cheque ‘issued’ returned back on account of technical ground

300

 

(8) Bills directly collected by the bank

2,000

2,610

Closing Balance of the Pass Book

 

11,902

 

 

 

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