Question

Q. 11 The bank account of Mukesh was balanced on 31st March, 2017. It showed an overdraft of
Rs. 5,000. This did not agree with the balance shown by bank statement of Mukesh. You are
required to prepare a bank reconciliation statement taking the following into account:
(1) Cheques issued but not presented for payment till 31.3.2017 Rs. 12,00,000.
(2) Cheques deposited but not collected by bank till 31.3.2017 Rs. 20,00,000.
(3) Interest on term-loan Rs. 10,00,000 debited by bank on 31.3.2017 but not accounted
in Mukesh's book.
Bank charges Rs. 2,500 was debited by bank during March, 2017 but accounted in
the books of Mukesh on 4.4.2017.
An amount of Rs. 30,68,000 representing collection of Mukesh's cheque was wrongly
credited to the account of Mukesh by the bank in their bank statement
​

Answer 1

Answer:

Explanation

The balance given is overdraft of cash book and we have to find out balance as per passbook.

Answer 2

Explanation:

                                       Bank Reconciliation Statement

                                        Particulars                                   Details         Amount    

          Overdraft As per Cash Book                                                          5000

          add: Cheque issued but not presented                1200000

          add: Wrongly credited by Bank                             3068000     4268000

          less: Cheque deposited but not collected          (2000000)

          less: Interest on Loan                                            (1000000)

          less: Bank charges                                                    (2500)       (3002500)