Question

08.Prepare a Bank Reconciliation Statement from the following particulars on31" March, 2009:Bank Statement showed a favourable balance of Rs. 12,400(a) Cheques amounting to Rs. 45,000 were drawn on 27" Mareh, 09 of whichcheques of Rs. 33,000 were encashed on 21 April, 09(b) Cheque issued returned on technical grounds Rs. 4,000(c) Bank recorded a Cash deposit of Rs. 3,210 as Rs. 3,120(d) Bill for collection not advised by the bank but credited to our account Rs.8,000.(e) A bill for Rs. 10,000 was retired by the Bank under a rebate of Rs. 200but the full amount of the bill was credited in the bank column of the CashBook.​

Answer 1

Answer:

Explanation:

Bank Statement showed a favourable balance of Rs. 12,400(a) Cheques amounting to Rs. 45,000 were drawn on 27" Mareh, 09 of whichcheques of Rs. 33,000 were encashed on 21 April, 09

(b) Cheque issued returned on technical grounds Rs. 4,000

(c) Bank recorded a Cash deposit of Rs. 3,210 as Rs. 3,120

(d) Bill for collection not advised by the bank but credited to our account Rs.8,000.

(e) A bill for Rs. 10,000 was retired by the Bank under a rebate of Rs. 200but the full amount of the bill was credited in the bank column of the CashBook.​

                                 BANK RECONCILLATION STATEMENT                        

Particulars                                                          Added item       subtracted item

Balance as per the pass Book(cr)                  12400

Less :Cheques drawn but encashed                                            33000

Bill for collection not yet reported                                                    8000

Rebate received By Bank                                                                     200

Overdraft as per cash Book                         28800

                                                                                                                             

                                                                        41200                         41200