Pt. 4
Q4. Prepare Bank Reconciliation Statement as on 31st March 2017.
(i) Debit balance as per pass Block Rs.56,000.
(ii) Cheques of Rs. 18,000 drawn, out of which cheques of Rs. 7,000 presented on 4th April and Rs.3,000 on 3rd May 2017.
(iii) Credit side of cash book overcast by Rs. 1800.
(iv) A cheque of Rs. 11,000 drawn on their current A/c has been recorded as drawn on saving A/c.
(v) A cheque of Rs. 85,000 issued to creditor, has been entered in Cash Book as 58.000.
(vi) A bill of Rs. 8,500 discounted with the bank is entered in Cash book without recording the discounting charges of Rs. 600.
(vii) Cheque received from a Debtor recorded in Cash column of Cash book and omitted to be banked.
Dear Student,
'A cheque of Rs 11,000 drawn on their Current A/c has been recorded as drawn on Savings A/c' will be deducted while preparing the Bank Reconciliation Statement.
Assumption: Debit balance as per Pass Book is given for Savings A/c
'A cheque of Rs 11,000 drawn on their Current A/c has been recorded as drawn on Savings A/c' will be deducted while preparing the Bank Reconciliation Statement.
Assumption: Debit balance as per Pass Book is given for Savings A/c