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


Comments

  1. In given question overdraft as per Pass Book is given 16,000
    ADD 1. Customer directly deposited in our
    bank account 8,000
    2. Cheque of ₹975 deposited into but
    wrong recorded in cash Book as ₹795
    180
    ................... 8,180
    .......................
    24,180
    LESS 1. Cheques deposited into bank but
    not credited by Bank 10,500
    2. Pass Book shows debit entry for 300
    3. A Bill of Exchange discounted with
    the bank 3,500
    Bank commission which is not recorded in
    Cash Book
    4. As Per standing instructions Bank
    paid Telephone bill which is not recorded in
    cash Book 650
    ...................... 14,950
    ..........................
    Overdraft as per Cash Book 9,230

    ReplyDelete
    Replies
    1. but in the ques they have not at all mentioned overdraft
      its just debit balance as per pass book

      Delete

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