Prepare Bank Reconciliation Statement as on 31st December. 2018.

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