Question

From the following particulars prepare a bank reconciliation statement as on 31st December 2017:

(i) On 31st December, 2017 the cash-book of a ”rm showed a bank balance of ‘ 60,000 (debit balance).

(ii) Cheques had been issued for ‘ 15,00,000, out of which cheques worth ‘ 4,00,000 only were presented for

payment.

(iii) Cheques worth ‘ 11,40,000 were deposited in the bank on 28th December,2017 but had not been credited by

the bank. In addition to this, one cheque for ‘ 5,00,000 was entered in the cash book on 30th December, 2017 but

was banked on 3rd January, 2018.

(iv) A cheque from Susan for ‘ 4,00,000 was deposited in the bank on 26th December 2017 but was dishonoured

and the advice was received on 2nd January, 2018.

(v) Pass-book showed bank charges of ‘ 2,000 debited by the bank.

(vi) One of the debtors deposited a sum of ‘ 5,00,000 in the bank account of the ”rm on 20th December, 2017 but

the intimation in this respect was received from the bank on 2nd January, 2018.

(vii) Bank pass-book showed a credit balance of ‘ 3,82,000 on 31st December, 2017.
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Answer 1

Answer:

(vii) Bank pass-book showed a credit balance of '3,82,000 on 31st December, 2017