Question

On 31st March 2020 bank pass book of Mr. Karan Kumar showed a debit balance of ₹ 15320. Cheques paid in for collection amounted to ₹ 50000, but cheques of ₹ 22800 were credited on May 5th 2020. Balance as per cash book on 31.3.2020.

Answer 1

Answer:

R

                        Bank Reconciliation Statement as on 31st March, 2018

Particulars  Amount

Details (Rs.)   Amount

    (Rs.)

Overdraft balance as per pass book (Dr.)

Add: Cheque issued but not yet presented for payment

        Dividend credited by bank not recorded in Cash Book

        Rebate not accounted on payment of bill in Cash book

Less: Cheques deposited but not yet credited

         Bank charges debited by Bank not recorded in Cash Book

Overdraft Balance as per Cash Book (Cr.)  

5,000

  350

  150  

2,800

    25 10,000

5,500

15,500

2,825

12,675

Explanation: