On 31st August 2018 bank Pass Book of Mr. Ravi showed a credit balance of ₹33,600, but Cash Book Showed a different balance. On comparing the two books following differences were noticed:

On 31st August 2018 bank Pass Book of Mr. Ravi showed a credit balance of ₹33,600, but Cash Book Showed a different balance. On comparing the two books following differences were noticed

1. Cheque paid into the bank but not credited before 31st Aug 2018 amounted to ₹24,500.

2. Direct deposit by customer through NEFT ₹33,000 recorded in the Pass Book only.
3. Cheques issued on 28th Aug 2018 were presented for payment on 5th Sep. 2018 amounted to 38,800.
4. A bill receivable for ₹15,000 discounted with the bank was dishonoured on 30th Aug 2018. Intimation of the same was received only on 3rd Sep. 2018.
5. Pass Book credit side was overcast ₹2,000.
6. Bank debited bank Charges in Pass Book, was not recorded in Cash book.
 Prepare Bank Reconciliation Statement as on 31st August 2018.

Solution:

In the books of Mr. Ravi 

As on 31st August 2018.

Particulars 

Amount₹ 

Amount₹ 

Bank Balance as per Pass Book  

 

33,600 

ADD 1. Cheque paid into bank but not credited to pass book  

 

24,500 

 

         2. Bank charges paid by bank but not recorded in Cash Book  

 

400 

 

         3. A bill receivable dishonored but an intimation of the same was received.  

 

 

15,000 

 

 

39,900 

 

LESS 1. Direct de posited into bank by   customer. 

 

 

33,000 

73,500 

         2. Cheque issued but not resented for payment in this month. 

 

38,800 

 

        3. Pass Book credit side was over casted 

 

2,000 

 

73,800 

Bank Overdraft as Pass Book cash book  

 

300 

Bank Reconciliation Statement 


Comments

Popular posts from this blog

Sun and Moon are Partners in Partnership Firm sharing Profits and Losses equally. You are required to give effects of Adjustments with the help of following information

CLASS 11th BOOK KEEPING & ACCOUNTANCY

Class 11th Chapter 4 Ledger Solutions | Class 11 Ledger Practical Problems Solutions