Question

Follow up Problem 1
On 28th Feb, 2019, Cash Book of Dalip Tiwana showed bank balance 318,500. From the
following transactions, prepare Bank Reconciliation Statement as at 28th Feb, 2019 :
(1) Cheques paid into bank 212,000 on 24th Feb, 2019 but not realized by bank till 28th
Feb, 2019.
(2) Cheques drawn for 37,500 on 21st Feb, 2019 not yet cleared.
(3) Interest charged and debited by bank 600 not entered in cash book.
(4) Life insurance premium paid by bank under standing instructions 31,800 but no such
information received from the bank.
(5) Interest on investments collected and credited by bank only *2,500.
(6) Direct payment by a customer into bank 5,400 not entered in cash book.
bank​

Answer 1

Answer:

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