Question

i) A cheque issued to Rafig for Rs.200 was replaced when out of date. But
it was entered in the Cash Book again and no other entry having been
recorded. Both cheques were also included in the total of cheques
issued but not presented as shown above.
Your are required to prepare a Bank Reconciliation Statement as on
314 March, 2020.
tion:​

Answer 1

Answer:

<br> (i) Cash and Cheques anounting to ₹1,340 were sent to Bank on 27th January but Cheques worth ₹230 were credited on 2nd February and one Cheque for ₹45 was returned by them as dishonoured on 4th February. <br> (ii) During the month of January, I issued cheques worth ₹1,670 to my creditors. Out of these, Cheques worth ₹1,370 were presented for payment on 5th February. <br> (iii) According to my standing orders, the Bankers have paid during the month of January the following :- <br> (a) Life Insurence Premium ₹170 <br> (b) Television Licence Fee ₹120 <br> ( c) Driving Licence Fee ₹22 <br> (iv) My bankers have collected ₹150 as dividend on the shares. <br> (v) My bankers have given me wrong credit for ₹150. <br> (vi) Interset charged by the bank ₹125. <br> Prepare a Bank Reconciliation Statement as on 31st January. 2017