Question

16.
On 31st March 2019, bank column of the cash book showed a debit balance of
Rs 49,000. Bank statement or pass book showed credit balance of Rs 37,400.
Entries in the cash book and pass book were compared and following differences
were identified :-
(6)
(i)
Game
Cheques of Shyam Rs 9,000 and of Mohan Rs 15,000 were deposited in the
Bank but were not collected upto 31st March 2019
Ramesh, a debtor, deposited a cheque of Rs 8,000 directly into the bank
Bank had credited Rs 500 as interest which was not recorded in Cash book.
Cheque for Rs 10,000 issued to Radhey Shyam was not presented for payment.
Bank debited the account by Rs 6,000 being insurance premium paid as per
standing instruction.
Bank debited the account by Rs 100beingbank charges.
(vi)
You are requested to prepare Bank reconciliation statement as on 31st March 2019.​

Answer 1

Bank Reconciliation Statement

Explanation:

Bank Reconciliation Statement prepared by the account holder on a particular date to reconcile the bank balance as per Cash Book with the balance as per Bank Statement showing entries because of which differences between the two balances exist.

It is a statement showing the reasons and causes of differences. It is not a part of book keeping but is a method to ensure that there are no errors or omissions in recording bank transactions in the Cash Book.

Pls refer to the attached statement below