Question

a trader prepares at the end of each month a bank reconciliation statement for his business. Draft one such statement from the under mentioned items as on 31st December 2013​

Answer 1

Answer:

(i) Cash and cheques totalling Rs. 36,950 were sent to bank in the month of December, but of these one cheque for Rs. 4,500 was credited in the pass book on 2nd January, 2016.

(ii) On 26th December cheques were drawn in favour of creditors for Rs. 9,500 but of these one cheque for Rs. 4,000 was encashed on 2nd January, 2016 and another fore Rs. 3,000 has not yet been presented.

(iii) One customer had deposited directlv into bank Rs. 1,250 but there is no mention of the same in cash book.

(iv) The trader had withdrawn from bank Rs. 3,500 but the same has not been entered in cash book.

(v) On 29th December a cheque for Rs. 3,000 was received and entered in the cash book but had been omitted to be sent to bank.'

(vi) On 27th December. 2015 Rs. 175 were credited in pass book as six-monthly interest but the same had been recorded in the cash book on 31st December, 2015.

(vii) Bank balance as per cash book Rs. 20,000.

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Answer 2

Explanation:

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