Question

23. Prepare a Bank Reconciliation Statement on 30

November 2019 for the following particulars:

Particulars

Balance as per cash book

Amount (Rs.) 32000

Cheque issued but not presented for payment

7400

Cheque deposited but not yet cleared

8200

Insurance Premium paid by
1900
the bank Interest credited by the bank 800​

Answer 1

                                Bank Reconciliation Statement

                                    as on November 30, 2019

Sr                           Particulars                                                Plus       Minus

No.                                                                                         Items       Items

                                                                                              (Rs.)           (Rs.)

          Debit Balance as per Cash Book                         32000  

         Add: (ii) Cheques issued but not presented              7400  

    Less: (i) Cheques deposited but not yet cleared                  8200

            (iii)  Insurance premium paid by the bank                   1900

                   (v) Interest credited by the bank                                       800

       Credit Balance as per Pass Book                                 39400    39400

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Answer 2

Answer:

The credit balance of the pass book should be Rs. 30,100/-.

Explanation:

       Bank Reconciliation Statement AS ON 30 NOVEMBER 2019

PARTICULARS                                           AMOUNT                 AMOUNT

BALANCE AS PER CASH BOOK                                                   32000

ADD: Cheque issued but not

          presented for payment                          7400

         Interest credited by the bank                  800​                      8200                                      

                                                                                                      40,200                                    

LESS : Cheque deposited but not yet cleared  8200

            Insurance Premium paid by bank           1900                     10100

                                                         

CR BAL AS PER PB                                                                           30,100

1) Cheque issued but not presented for payment  and   Interest credited by the bank Increased the balance of Pass book. So, they must be added to cash book for accounts to reconcile.

2) Cheque deposited but not yet cleared and Insurance Premium paid by bank decreased the balance of Pass book. So, they must be deducted from cash book for accounts to reconcile.

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