Question

On March 31 2014 the cash book showed a balance of Rs. 3700 as cash at bank, but the bank passbook made up to same date showed that cheques for Rs. 700,Rs. 300 and Rs. 180 respectively had not presented for payment, Also, cheque amounting to Rs. 1200 deposited into the account had not been credited prepare Bank Reconciliation statement.

Answer 1

Bank balance as per cash book (Dr.): 3700

Add : cheques issued but not presented for payment into bank (700+300+180) : 1180. Amount : 4880. Less : cheque deposited but not credited by bank : 1200. Balance as per pass book (CR.) : 3680