Question

On 30th June, 2017, the cash book of M/s. Chelpark showed a balance of 20,000 at bank. They had sent
cheques amounting to 8,000 to the bank before 30th June, but it appears from the pass book that
cheques worth only 5,000 had been credited before that date. Similarly, out of cheques for 6,000
issued during the month of June, cheques for 3,000 were presented and paid in July.
The
pass
book also showed the following payments :
(i) 400 for premium according to standing instruction.
(ii) * 2,500 against a promissory note, as per instructions.
The pass
book showed that bank had collected 950 as interest on government securities. The bank had
charged interest 50 and bank charges *25. There was no entry in the cash book for the payments,
receipts, interest etc.
Prepare Bank Reconciliation Statement as on 30th June, 2016
​

Answer 1

Particulars Amount

(Rs.)  Amount 

(Rs.) Balance (Ovverdraft) as per Cash Book (Cr.)

Add: Cheque deposited but bot yet collected 

         Interest debited by Bank but not recorded in Cash Book

          Amount wrongly debited by Bank

Less: Cheques issued but not yet presented for payment

          Bills sent for collection credited by bank but not recorded in Cash Book

          Subsidy received by Bank and credited but not recorded in Cash Book

           Amount wrongly credited by Bank

Balance (Overdraft) as per Pass book (Dr.) 

22,750

12,115

2,400

15,000

47,200

22,000

5,000 1,10,450

37,265

1,47,715

89,200

58,515