Question

From the following particulars, prepare a, bank reconciliation statement
as at March 31, 2017.
(i) Balance as per cash book Rs. 3,200
(ii) Cheque issued but not presented for payment Rs. 1,800
(iii) Cheque deposited but not collected upto March 31, 2014 Rs. 2000
(iv) Bank charges debited by bank Rs. 150

Answer 1

The bank reconciliation statement is shown below:

Explanation:

Bank reconciliation statement is the statement which states the process, in which it explains the difference on the particular date among the bank balance shown in the business bank statement, which as supplied through the bank and amount shown in the business accounting recording prepared by them.

Statement of Bank reconciliation

Addition:

Cash book Balance  (DR).                                                           Rs3,200

Cheques issued but not presented yet                                     Rs 1,800

Total                                                                                               Rs 5,000

                                                                                

Subtraction:

Cheques deposited but not collected                                     Rs 2,000

Bank charges debited by bank                                                Rs 150

Balance as per Pass book                                                          Rs2,850

Total                                                                                               Rs 5,000

     

Working Note:

Balance as per Pass book = Total - (Cheques deposited but not collected + Bank charges)

= Rs5,000 - Rs2,150

= Rs2,850

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