Question

Illustration 3
The bank passbook of M/s. Boss & Co. showed a balance of Rs. 45,000 on May 31, 2017.
1. Cheques issued before May 31, 2017, amounting to Rs. 25,940 had not been presented
for encashment.
2. Two cheques of Rs. 3,900 and Rs. 2,350 were deposited into the bank on May 31 but
the bank gave credit for the same in June, 2017
3. There was also a debit in the passbook of Rs. 2,500 in respect of a cheque dishonoured
on 31.5.2017. Prepare bank reconciliation statement
on
May 31, 2017
a
as
aluation

Answer 1

Bank Reconciliation statement of M/s. Boss & Co. as May 31, 2017

Particulars                                                    Amt. (-)        Amt.(+)    

1. Balance as per Passbook                      45,000

2. Cheques deposited but                          6,250

not collected by the bank

3. Cheque dishonoured recorded            2,500

only in passbook

4. Cheque issued but not presented                            25,940                        

for payment

5. Balance as per Cash book                                          27,810      

                                                                     53,750        53,750