Question

From the following particulars, prepare a bank
reconciliation statement as on 31st March, 2016.
(i) Bank balance as per cash book is 1,00,000.
(ii) A cheque for 10,000 deposited but not
recorded in the cash book. Bank has
collected and credited this cheque.
(iii) A bank deposit of 2,000 was recorded in
the cash book as if there is no bank column
therein.
(iv) A cheque issued for 2,500 was recorded as
2,050 in the cash column. Bank has made
the payment of this cheque.
(v) The debit balance of 15,000 as on the
previous day was brought forward as a credit
balance.
(vi) The payment side of the cash book (bank
column) was undercast by 1,000.
(vii) A cash discount allowed of 1,120 was
recorded as 1,210 in the bank column.
(viii) A cheque of 5,000 received from a debtor
was recorded in the cash book but not
deposited in the bank for collection.
(ix) One outgoing cheque of 3,000 was
recorded twice in the cash book.​

Answer 1

Explanation:

Solution

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Particulars Details Rs. Amount Rs.

Debit balance as per Cash Book

18,60,000

Add: Cheque issued but not yet presented to bank for payment 3,60,000

Dividend received by bank not entered in cash book 2,50,000

Interest credited by bank 6,250 6,16,250

24,76,250

Less: Cheques deposited into bank but not yet collected 7,70,000

Bank charges debited by Bank 1,000

Cheque deposited into bank was dishonoured 1,60,000

House tax paid by bank 1,75,000 (11,06,000)

Credit balance as per Pass Book