Question

0. 3. Prepare a Bank Reconciliation Statement from the following particulars. You are
required to ascertain the Bank Balance as it would appear in Cash Book of Shri
Gobind as at 31st December, 2017
1.
The Bank Pass Book showed an over-draft of 29,500/- on 31st December,2017
2.
Interest on overdraft for six months ending 31st December, 2017 + 250/- is
debited in the Pass Book, but is not entered in the Bank Column of Cash Book.
3.
Cheques issued but not cashed, prior to 31st December, amounted to 1,500.
4.
Club bill directly debited to his bank account not yet reflected in the Cash Book
*2,700/-
5.
Cheques paid into Bank, but not cleared and credited before 31st December
32,500.
6.
Interest on investments collected by the bankers and credited in the pass book
amounted to 1,800.
7.
Shri Gobind issued a cheque of 7 900 for his LIC Premium, which was returned
as the amount in figure and words was not tallying. Shri Gobind, therefore
paid premium by cash and this was not rectified in his books of accounts.​

Answer 1

Answer:

ACCOUNTANCY

From the following information ascertain the balance that would appear in the bank pass book of A on 31st March, 2018:

(i) Bank overdraft of Rs. 63,400 as per cash book on 31st March, 2018.

(ii) Interest on overdraft for 6 months ended 31st March, 2018, Rs. 1,600 entered in  the pass book and not recorded in cash book.

(iii) Bank charges of Rs. 300 for the above period are debited in the Pass Book and not recorded in Cash Book.

(iv) Cheques issued but not presented for payment prior to 31st March, 2018, amounted to Rs. 11,680.

(v) Cheques deposited in the bank but not collected before 31st March, 2018 were for Rs. 21,700.

(vi) Interest on investments collected by the bank and credited in the Pass Book, Rs. 12,000.

(vii) Credit side of the Bank column of the Cash Book was undercast by Rs. 1,000.

December 26, 2019Suneetha Sudan

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ANSWER

                     Bank Reconciliation Statement as on 31st March, 2018

 Particulars Amount

Details (Rs.)  Amount

     (Rs.)Overdraft as per Cash Book (Cr.)

Add: Interest on overdraft debited in the pass book but not yet entered in the cash book

         Bank charges debited in the pass book but not yet entered in the cash book

         Cheques paid in but not yet credited by the bank

         Credit side of the bank column of the cash book undercasted

Less: Cheques issued but not yet presented

          Interest on investment collected and credited by the bank butb not yet entered in the Cash Book

Overdraft as per pass book (Dr.)  

1,600

  300

21,700

 1,000

11,680

12,000

63,400

24,600

88,000

23,680

64,320