From the following details prepare Bank Reconciliation Statement as on 31st Dec 2018
1. Bank overdraft as per Cash Book on 31st dec 2018 was ₹48,450.
2. Bank charges for SMS alerts ₹370 were debited in Pass Book but not recorded in Cash Book.
3. Interest on overdraft ₹2,870 did not appear in Cash Book.
4. A bill for ₹12,000 discounted with bank appears in Cash Book at full amount but bank has deducted ₹200 discounting charges.
5. Cheques issued but not presented before 31st Dec 2018 amounted ₹32,300.
6. Cheques amounting to ₹24,000 deposited into bank but only a cheque of ₹8,000 was collected by bank before 31st Dec. 2018.
7. Paid stationery bill ₹11,300 by debit card. It was not recorded in cash Book.
Solution:
Bank overdraft as Per Cash Book.
Bank Reconciliation Statement
As on 31st December 2018
Particulars | Amount ₹ | Amount ₹ |
Bank overdraft as per Cash Book |
| 48,450 |
ADD 1. Bank charges for SMS alerts | 370 |
|
2. Interest on overdraft not appear in Cash Book |
2,870 |
|
3. Discounting charges has deducted from bank |
200 |
|
4. Cheque deposited not collected by bank (24,000-8,000) |
16,000 |
|
5. Paid stationery bill but not recorded in Cash Book |
11,300 |
30,740 |
LESS 1. Cheque issued but not presented for payment |
| 79,190
32,300 |
Bank Balance as per pass Book |
| 46,890 |