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 |
|
|
|