Prepare Bank Reconciliation Statement as on 31st December. 2018.
1. Debit balance as per Pass Book ₹16,000
2. Customer directly deposited in our bank account by NEFT ₹8,000.
3. Cheques deposited into Bank but not credited by Bank ₹10,500
4. Pass Book shows debit entry for Bank commission ₹300, not re3corded in cash book.
5. A Bill of exchange of ₹3,500 discounted with the Bank in December 2018, returned dishonored in January2019.
6. As per standing instructions bank paid telephone bill ₹650, not recorded in cash book.
7. Cheques of ₹975 deposited into Bank but wrongly recorded on ₹785 in Cash Book.
Solution:
Bank Reconciliation Statement
As on 31st December 2018.
Particulars | Amount (₹) | Amount (₹)
|
Bank balance as per Pass Book |
| 16,000 |
ADD 1. Customer directly deposited in our bank account |
8,000 |
|
2. A Bill of Exchange discounted with the bank |
3,500 |
|
3. Cheque of ₹975 deposited into but wrong recorded in cash Book as ₹795 |
180 |
11,680 |
LESS 1. Cheques deposited into bank but not credited by Bank |
10,500 | 27,680 |
2. Pass Book shows debit entry for Bank commission which is not recorded in Cash Book |
300 |
|
3. As Per standing instructions Bank paid Telephone bill which is not recorded in cash Book |
650 |
11,450 |
Overdraft as per Pass Book |
| 16,230 |
Calculation：
Cheque of ₹975 deposited into Bank but wrongly recorded on ₹795 in Cash Book.
∴ 975 - 795 = 180