10
) On 31-3-2020, Mahesh's Cash Book Showed a Bank overdraft of
98,700. On comparison he finds the following:
(1) Out of the total cheques of ? 8,900 issued on 27th March, one
cheque of P 7,400 was presented for payment on 4th April and the
other cheque of * 1,500 handed over to the customer, was
returned by him and in lieu of that a new cheque of the same
amount was issued to him on 1st April. No entry for the return
was made.
(2) Out of total cash and cheques of * 6,800 deposited in the Bank on
24th March, one cheque of 2,600 was cleared on 3rd April and
the other cheque of 500 was returned dishonoured by the bank
on 4th April
(3) Bank charges 35 and Bank interest * 2,860 charged by the bank
appearing in the passbook are not yet recorded in the cash book.
(4) A cheque deposited in his another account of ? 1,550 wrongly
credited to this account by the bank.
(5) A cheque of 800, drawn on this account, was wrongly debited
in another account by the bank.
(6) A debit of 3,500 appearing in the bank statement for an unpaid
cheque returned for being 'out of date' had been re-dated and
deposited in the bank account again on 5th April 2020.
Answers
Explanation:
A debit of * 11,00,000 appeared in the Bank Statement for an unpaid cheque, which had been returned
marked 'out of date! The cheque had been re-dated by the customer and paid into Bank again on 5th July,
2019.
Explanation:
Bank Reconciliation Statement
Date Particulars Amount
Overdraft as per Cash Book 98700
1. add: Cheque issued but not presented for payment 1500
2. add: Cheque deposited but not cleared 2600
3. less: Bank charges and interest (2895)
4. less: Cheque Deposited but wrongly credited (1550)
5. add: Cheque drawn but wrongly debited 800
6. less: Cheque deposited but unpaid 3500
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