Prepare Bank Reconciliation statement from the following information as on 31st March, 2019.
Prepare Bank Reconciliation statement from the following information as on 31st March, 2019
1. Balance as per Cash Book ₹10,000.
2. Cheque of ₹2,000 issued but not presented to Bank for payment.
3. Our debtors directly deposited ₹3,500 to our Bank account by NEFT, not recorded in the Cash Book.
4. Bank paid electricity bill on our behalf ₹450 and charged Bank Charges 4100.
5. Paid ₹1,500 to ABC & company, our supplier by business debit card but recorded in Cash Book as ₹150.
6. Bank credited interest on Investment₹500.
7. Cheque of ₹885 issued and presented to Bank but wrongly entered in the Pass Book as ₹865.
Solution:
Bank reconciliation Statement as on 31st march, 2019.
Particulars | Amount (₹) | Amount (₹)
|
Bank Balance as per Cash Book |
| 10,000 |
ADD1. Cheque issued but not presented for payment |
2,000 |
|
2. Debtors directly deposited to our bank account which is not recorded in Cash Book. |
3,500 |
|
3. Bank credited interest on Investment | 500 |
|
4. Cheque issued wrongly entered in pass book |
20 |
6,020 |
LESS1. Bank paid electricity bill and charged charges (450+100) |
550 | 16,020
|
2. Paid to ABC & co. But wrong amount recorded in Cash Book |
1,350 |
1,900 |
Bank Balance as Per Pass Book |
| 14,120 |
Calculation：
1. Paid ₹1,500 to ABC & co. but not recorded in Cash Book.
∴ 1,500
(150)
1,350
2. Cheque issued but wrong amount entered in the Pass Book.
∴ 885
(865)
20
