From the following particulars prepare bank reconciliation statement as on 31st
December, 2015
a) Bank balance as per cash book was Rs. 15,000
b) Cheques issued but not cashed prior to 31st December 2015 amounted to Rs. 2,000.
c) Cheques paid into bank, but not cleared and credited Rs. 2,800
d) Cheques received but not sent for collection 500
e) Credit side of bank column cash short 50
f) Insurance premium 300 debited in only pass book.
g) Bank charges debited twice in the passbook 10.
h) A customer directly deposited in the bank account of concern was Rs. 2,000
Answers
Answer:
see below
Explanation:
(a) Without adjustment in cash Book :
Bank Reconciliation Statement
as on 31st December
Bank Balance as per Cash Book
Add : Cheques issued not cashed
Add : Interest on Investments collected by the Bank but not entered
in the cash Book
Add : Cheques paid in but not entered in Cash Book Rs.
1,750
275
300
Rs.
11,500
(+) 2,325
Less : Cheques paid in but not cleared
Less : Bank charges not entered in Cash Book
2,150
25 13,825
(-) 2,175
Bank Balance as per Pass Book 11,650
(b) With adjustment in Cash Book :
If the balance at Bank, as per the Cash
Book adjusted, it will be Rs.12,050, thus :
Dr. Cash Book (Bank Col.) Cr.
Dec. 31
Dec. 31
Dec. 31
To Balance b/d
To Interest on Investment
To cheques omitted Rs.
11,500
275
300
Dec. 31
Dec. 31
By Bank charges
By Balance c/d Rs.
25
12,050
12,075 12,075
BANK RECONCILIATION STATEMENT will then appear as follows :
Bank Reconciliation Statement
as on 31st December
Bank balance as per Cash Book
Add : Cheques issued but not presented Rs.
1,750 Rs.
12,050
(+) 1,750
Less : Cheques paid in but not collected
2,150 13,800
(-) 2,150
Bank Balance as per Pass Book 11,650