Question

2. From the following information prepare Bank reconciliation
Statement. (6)
a. Debit balance as per cash book 20000
b. Cheque issued but not presented for payment 4000
c. Cheque deposited but not yet cleared 6000
d. Directly deposited by the customer in the bank 600
e. Bank charge interest 300
f. Insurance premium debited by the bank 2000​

Answer 1

Answer:

The balance as per pass book = 19100.

The bank Reconciliation statement is in the attachment .. Go through it..

hope it's right..

Explanation:

In order to prepare a bank reconciliation statement we need to have a bank balance as per cash book and a bank statement as on a particular day along with details of both the books. If the 2 balances differ, the entries in both the books are compared and the items on account of which the difference has arisen are ascertained with the respective amounts involved so that the bank reconciliation statement may be prepared.

Reconciliation of the cash book and bank pass book balances amounts to an explanation of differences between them. The difference between the cash book and bank passbook is caused by

• Timing differences on recording of the transactions.

• Errors made by the business or by the bank.

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