From the following details provided by Prashant enterprises, prepare Bank Reconciliation statement as on 31st March, 2018.
From the following details provided by Prashant enterprises, prepare Bank Reconciliation statement as on 31st March, 2018.
1. Overdraft as per Cash Book ₹28,000
2. Cheque issued of ₹2,000 and presented to Bank returned dishonored but the effect of dishonored is not recorded in the Cash Book.
3. bank debited Bank charges ₹150.
4. Bank transferred ₹2,500 to savings account of the proprietor but not recorded in the Cash Book.
5. Cheqye issued to supplier but not presented to Bank before 21st March 2018, ₹1,600
6. Cheques of ₹3,000 and ₹2,000 deposited into Bank but cheque of ₹3,000 only credited by Bank before 31st March 2018.
7. Out customer directly deposited ₹1,500 in our Bank account but wrongly recorded in the cash column of the Cash Book.
8. Bank debited interest on overdraft ₹750.
Solution：
Bank Reconciliation Statement
As on 31st March, 2018.
Particulars | Amount (₹) | Amount (₹)
|
Overdraft as per Cash Book |
| 28,000 |
ADD 1. Bank debited bank charges | 150 |
|
2.Bank transferred ₹2,000 to saving account of the proprietor but not recorded in the cash Book |
2,500 |
|
3. Cheque of₹2,000 & ₹2,000 deposited into Bank but cheque of 3,000 only credited by bank |
2.000 |
|
4. bank debited interest on overdraft | 750 | 5,400 |
LESS 1. cheque issued dishonored but effect of dishonored is not recorded in the cash book. |
2,000 | 33,400 |
2. Cheque issued but not presented to bank |
1,600 |
|
3. Customer de posited into Bank but wrong entry recorded in cash Book |
3,000 |
6,600 |
Overdraft as per pass book |
| 26,800 |
