From the following particulars, prepare a bank reconciliation statement as at March 31, 2017. Balance as per Cash Book ₹3,200. 1. Cheque issued but not presented for payment ₹1,800. 2. Cheque deposited but not collected up to March 31, 2017, ₹2,000. 3. Bank charges debited by bank ₹150.

Edaccountancy is an online educational platform that provides free NCERT solutions for accounting students. The platform offers a comprehensive range of solutions and study materials for various topics in accounting, including BCR (Bank Cash Receipts).

The BCR NCERT solution provided by Edaccountancy includes a step-by-step guide on how to prepare a BCR, along with examples and practice problems. The solutions are designed to help students understand the concept of BCR and its importance in accounting. 

1. 1. From the following particulars, prepare a bank reconciliation statement as at March 31, 2017. 
   
   

2. Balance as per Cash Book ₹3,200. 

3. 
   

2. 1. Cheque issued but not presented for payment ₹1,800. 
   2. Cheque deposited but not collected up to March 31, 2017, ₹2,000. 
   3. Bank charges debited by bank ₹150. 

 

Solution: Bank Reconciliation Statement as on 31st March 2017. 

 

No.	Particulars	(+) Amount (₹)	(-) Amount (₹)
	Balance as per Cash Book	3,200
1.	Cheque issued but not presented for payment	1,800	5,000
2.	Cheque deposited but not collected		2,000
3.	Bank charges debited by bank		150
	Balance as per Pass Book		2,850
		5,000	5,000

 

Explanation:  

1. Cheque issued but not presented for payment ₹1,800. 

In this, Cheque has been issued but not recoerded in the books of accounts therefore it has to add in the books of accounts.

2. Cheque deposited but not collected up to March 31, 2017, ₹2,000.

In this, Cheque has been deposited but not collected by bank and it has recoreded in the books of accounts therefore it has to less in BRS.

3. Bank charges debited by bank ₹150. 

In this, Bank has charged charges and we don't about it therefore less in BRS.

A bank reconciliation statement is a statement that explains the differences between the balance shown in the bank statement and the balance shown in the cash book of a company. It is an important document used by companies to ensure that their cash book and bank statement balances are accurate and to identify any errors or discrepancies.

Here are the steps to prepare a bank reconciliation statement:

Step 1: Enter the balance as per the cash book

Enter the balance as per the cash book on the credit side of the bank reconciliation statement.

Step 2: Enter the balance as per the bank statement

Enter the balance as per the bank statement on the debit side of the bank reconciliation statement.

Step 3: Compare the two balances

Compare the balance as per the cash book and the balance as per the bank statement. If they are the same, then there is no need to proceed further.

Step 4: Identify the items that are in the cash book but not in the bank statement

Identify the items that are in the cash book but not in the bank statement. This includes deposits in transit, outstanding checks, and bank charges.

Step 5: Adjust the cash book balance

Adjust the cash book balance by adding the items that are in the cash book but not in the bank statement.

Step 6: Identify the items that are in the bank statement but not in the cash book

Identify the items that are in the bank statement but not in the cash book. This includes bank interest, electronic deposits, and bank fees.

Step 7: Adjust the bank statement balance

Adjust the bank statement balance by adding the items that are in the bank statement but not in the cash book.

Step 8: Prepare the final bank reconciliation statement

Prepare the final bank reconciliation statement by showing the adjusted balance as per the cash book and the adjusted balance as per the bank statement. If the two balances are the same, then the reconciliation is complete. If there is still a difference between the two balances, then there may be an error or discrepancy that needs to be investigated and corrected.

I hope this helps you understand how to prepare a bank reconciliation statement for your class 11th accounts studies.