Prepare bank reconciliation statement of Mohan on 30th June, 2012 with the following particulars:
(a) Pass Book showed an overdraft of Rs 15000 on 30th June, 2012.
(b) A cheque of Rs 200 was deposited in bank but not recorded in Cash Book.
(c) Cheques of Rs 17000 were issued but cheques worth only Rs 10000 were presented for payment up to 30th June, 2012.
(d) Cheques of Rs 2000 were received , recorded in cash book but not sent to bank.
(e) Cheques of Rs 10000 were sent to bank for collection. Out of these, cheques of Rs 2000 and of Rs 1000 were credited respectively on 8th July and 10th July and the remaining cheques were credited before 30th June,2012.
(f) Bank paid Rs 300 fee of chamber of commerce on behalf of Mohan, which was not recorded in Cash Book.
(g) Bank charged interest on overdraft Rs 800 which was not recorded in Cash Book.
(h) Rs 40 for bank charges were recorded two times in Cash Book and bank expenses of Rs 35 were not at all recorded in Cash Book.
(i) Total of credit side of bnk column of Cash Book was under-cast by Rs 1000 by mistake.
The answer given in the book is : Overdraft as per cash book Rs 15105.
Bank Reconciliation Statement as on June 30, 2012 | ||
Particulars | Amount (Rs) | Amount (Rs) |
Overdraft(or debit) balance as per the Pass Book |
| 15,000 |
Add: Transaction increasing balances of Given Book (i.e. Pass Book) |
|
|
(b) Cheque deposited in the bank but not recorded in the Cash Book | 200 |
|
(c) Cheque of Rs 17,000 were issued but only cheques of Rs 10,000 were presented till June 30 | 7,000 |
|
(h) Bank Charges of Rs 40 were recorded twice in the Cash Book | 40 | 7,240 |
|
|
|
Less: Transactions reducing Balances of Given Book (i.e. Pass Book) |
|
|
(d) Cheque of Rs 2,000 received and recorded in the Cash Book but not sent to bank | 2,000 |
|
(e) Cheque of Rs 10,000 were sent to bank for collection, out of these cheque of Rs 1,000 and Rs 2,000 were credited after June 30, 2012 | 3,000 |
|
(f) Bank paid fees of Rs 300 for the Chamber of Commerce that was not recorded in the Cash Book | 300 |
|
(g) Interest on Overdraft charged by the bank but not recorded in the Cash Book | 800 |
|
(h) Bank expenses of Rs 35 not recorded in the Cash Book | 35 |
|
(i) Total of the credit side of the Cash Book was undercasted by Rs 1,000 | 1,000 | 7,135 |
Closing Balance of Cash Book (Cr) |
| 15,105 |
|
|
|