Question

Prepare the Bank Reconciliation Statement from the following particulars for the period ending 31st March, 2020.(a) Overdraft as per Pass Book on 31-03-2020 Rs.7,600.(b) Cheques depositedbut not collected by the bank Rs.8,560.(c) Incidental charges not recorded in Cash Book Rs.80.(d) Cheques were issued for Rs. 7,800 but only Rs.4,400 were presented for payment.(e) Insurance premium paid by bank not recorded in the Cash Book Rs. 4,200.(f) On 31st March, 2020 cash was deposited in bank Rs.385 but the cashier debited the bank column with Rs.485 by mistake​

Answer 1

Answer:

                     Bank Reconciliation Statement as on 31st March, 2018

 Particulars Amount

Details (Rs.)  Amount

     (Rs.)Overdraft as per Cash Book (Cr.)

Add: Interest on overdraft debited in the pass book but not yet entered in the cash book

         Bank charges debited in the pass book but not yet entered in the cash book

         Cheques paid in but not yet credited by the bank

         Credit side of the bank column of the cash book undercasted

Less: Cheques issued but not yet presented

          Interest on investment collected and credited by the bank butb not yet entered in the Cash Book

Overdraft as per pass book (Dr.)  

1,600

  300

21,700

 1,000

11,680

12,000

63,400

24,600

88,000

23,680

64,320

Explanation:

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