Question

Prepare a Bank reconciliation statement from the following particulars as on 30 June

2020. [6]

1. Credit balance as per cash book ₹ 3600.

2. Cheque issued to a creditor but not presented for payment ₹720.

3. Cheque deposited in to bank but not yet collected ₹ 1540.

4. Bank charge as per pass book ₹50.

5. Interest on overdraft charged by bank ₹500.

6. A customer directly deposited into our bank account ₹ 2000.

7. Bank paid House tax on our behalf as per standing orders ₹ 630.​

Answer 1

Answer:

Credit Balance as per cash book                                                     -3600

Cheque issued to a creditor but not issued for payment                720

Cheque deposited in to bank but not yet collected                       -1540

Bank charges as per pass book                                                         -50

Interest on overdraft charged by bank                                              -500

A customer directly deposited into our bank account                    2000

Bank paid house tax on our behalf as per standing orders            -630

Balance as per Pass Book                                                                -3600        

Same balance is just a co-incidence because of amount but transactions need to be taken into account to reconcile.