Question

According to the Cash book of Gopi, there was a balance of Rs. 44,500 standing to his credit in bank on June 30, 2013. On investigation, you find that -
a) Cheques amounting to Rs. 60,000 issued to creditors have not been presented for payment till that date.
b) Cheques paid into bank amounting to Rs. 1,05,000 out of which cheques amounting to Rs. 55,000 only collected by bank upto June 30, 2018.
c) A dividend of Rs. 4,000 & rent amounting to Rs. 6,000 received by the bank & entered in the pass book but not recorded in the cash book.
d) Insurance premium (upto December 31, 2013) paid by the bank Rs. 2,700 not entered in the cash book.
e) The payment side of the cash book had been undercast by Rs. 50.
f) Bank charges Rs. 50 , shown in the pass-book had not been entered in the cashbook.
g) A bill payable for Rs. 2,000 has been paid by the bank but is not entered in the cash book & bills receivable for Rs. 6,000 has been discounted with the bank at a cost of Rs. 100 which has also not been recorded in cash-book. You are required to prepare Bank Reconciliation Statement as on June 30, 2013

Answer 1

Answer:495550

Explanation:

445000+60000+64000+5900-(55500+2700+500+150+20000)

Answer 2

44,50,000 + 6,00,000 + 6,40,000+59,000 -5,55,000+27,000+5,000+1,500+2,00,000=bank balance as per cash book -49,60,500